REG - Serco Group PLC - Director/PDMR Shareholding
8 August 2019
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
On 7 August 2019, Sir Roy Gardner, Chairman of Serco Group plc, purchased 50,000 Ordinary Shares of 2 pence each ('Ordinary Shares') at a price of £1.396 per share.
In addition, on 7 August 2019, the following PDMRs exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan. In connection with the exercise, Ordinary Shares were sold to satisfy tax liabilities and dealing costs.
A summary of the Ordinary Shares acquired, sold and retained in respect of each PDMR is set out below.
Name of PDMR
Grant date of award
Vest date of award
Number of shares exercised
Shares sold to cover costs
Share price
Number of shares retained
Rupert Soames, Group Chief Executive
6 April 2016
8 April 2019
1,410,028
675,809
139.3 pence
734,219
Angus Cockburn, Group Chief Financial Officer
6 April 2016
8 April 2019
725,749
355,021
139.3 pence
370,728
David Eveleigh,
Group General Counsel & Company Secretary
29 May 2015
29 May 2018
132,943
63,717
139.4 pence
69,226
6 April 2016
8 April 2019
226,433
108,526
139.4 pence
117,907
The notification of dealing forms for these transactions can be found below.
Transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sir Roy Gardner
2
Reason for the notification
a)
Position/status
Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Serco Group plc
b)
LEI
549300PT2CIHYN5GWJ21
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The purchase of Ordinary Shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£1.396
50,000
d)
Aggregated information
- Aggregated volume
50,000
- Price
£69,800
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Rupert Soames
2
Reason for the notification
a)
Position/status
Group Chief Executive
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Serco Group plc
b)
LEI
549300PT2CIHYN5GWJ21
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.02
1,410,028
d)
Aggregated information
- Aggregated volume
1,410,028
- Price
£28,200.56
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£1.393
675,809
d)
Aggregated information
- Aggregated volume
675,809
- Price
£941,464.79
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Angus Cockburn
2
Reason for the notification
a)
Position/status
Group Chief Financial Officer
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Serco Group plc
b)
LEI
549300PT2CIHYN5GWJ21
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.02
725,749
d)
Aggregated information
- Aggregated volume
725,749
- Price
£14,514.98
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£1.393
355,021
d)
Aggregated information
- Aggregated volume
355,021
- Price
£494,577.27
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
David Eveleigh
2
Reason for the notification
a)
Position/status
Group General Counsel & Company Secretary
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Serco Group plc
b)
LEI
549300PT2CIHYN5GWJ21
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The exercise of nominal-cost options over Ordinary Shares granted on 29 May 2015 and 6 April 2016 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.02
132,943
£0.02
226,433
d)
Aggregated information
- Aggregated volume
359,376
- Price
£7,187.52
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
N/A
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Ordinary Shares of 2 pence each ('Ordinary Shares')
Identification code
ISIN: GB0007973794
b)
Nature of the transaction
The sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£1.394
172,243
d)
Aggregated information
- Aggregated volume
172,243
- Price
£240,106.74
e)
Date of the transaction
7 August 2019
f)
Place of the transaction
London Stock Exchange (XLON)
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