REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

29/04/2020 11:30

RNS Number : 3218L
  
Serco Group PLC
  
29 April 2020
  
 

 
29 April 2020
Serco Group plc ('Serco' or 'the Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21


 
 
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')
 
On 28 April 2020, the Company granted conditional share awards over Ordinary Shares ("Awards") to PDMRs under the Serco 2018 Equity Settled Bonus Plan ('ESBP'). 
 
The ESBP Awards were granted in connection with the compulsory deferral into shares of part of the Executive Directors' 2019 annual bonus in line with the Company's approved Directors' Remuneration Policy and have a normal vesting date of the third anniversary of grant.  As communicated in the Trading Update released on 2 April 2020, payment of the cash element of the Executive Directors' 2019 bonus has been deferred.
 



PDMR


Number of Shares subject to the Award




Rupert Soames, 
Group Chief Executive


424,145




Angus Cockburn, 
Group Chief Financial Officer


175,724



   
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation 596/2014.   The notification of dealing forms can be found below.
 
Transaction notification
 



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 grant of a conditional share award over Ordinary Shares under the Company's 2018 Equity Settled Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


424,145






























d) 
 


Aggregated information 


















- Aggregated volume


424,145














- Price


N/A














e) 
 


Date of the transaction 
 


28 April 2020




f) 
 


Place of the transaction 


N/A



 



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 grant of a conditional share award over Ordinary Shares under the Company's 2018 Equity Settled Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


175,724






























d) 
 


Aggregated information 


















- Aggregated volume


175,724














- Price


N/A














e) 
 


Date of the transaction 
 


28 April 2020




f) 
 


Place of the transaction 


N/A



 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
  END
 
 
DSHUKRRRRVUSUAR