REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

09/04/2020 13:35

RNS Number : 4052J
  
Serco Group PLC
  
09 April 2020
  
 

9 April 2020
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
 
 
 
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares') 
 
On 6 April 2020, conditional share awards ('CSAs') granted to David Dacquino on 6 April 2017 under the 2009 Serco Performance Share Plan, vested.  In connection with the vest, Ordinary Shares were sold to satisfy tax liabilities and dealing costs. A summary of the Ordinary Shares acquired, sold and retained is set out below.
 




Name of PDMR


Grant date of award


Vest date of award


Number of CSAs vesting


Number of Ordinary Shares sold to cover costs


Number of Ordinary Shares retained




David Dacquino, 
Chairman and CEO Serco Americas


6 April 2017


6 April 2020


121,519


36,707


84,812




 
The price for the disposal of the Ordinary Shares was £1.2464 per Share.
 
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.
 
The notification of dealing forms for this transaction can be found below.
 
Transaction notification
 
 




1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


David Dacquino




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


Chairman and CEO Serco Americas




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 ('the Company')




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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 April 2017 under the Company's 2009 Performance Share Plan.




c) 
 


Price(s) and volume(s) 






Price(s)


Volume(s)




N/A


121,519




 




d) 
 


Aggregated information 


 




 


 




- Aggregated volume


121,519




 


 




- Price


N/A




 


 




e) 
 


Date of the transaction 
 


6 April 2020




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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 April 2020 under the Company's 2009 Performance Share Plan.
 




c) 
 


Price(s) and volume(s) 






Price(s)


Volume(s)




£1.2464


36,707




 




d) 
 


Aggregated information 


 




 


 




- Aggregated volume


36,707




 


 




- Price


£ 45,751.60




 


 




e) 
 


Date of the transaction 
 


6 April 2020




f) 
 


Place of the transaction 


London Stock Exchange (XLON)




 


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