REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

14/05/2020 15:30

RNS Number : 9481M
  
Serco Group PLC
  
14 May 2020
  
 

 
14 May 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 11 May 2020, conditional share awards ('CSAs') granted on 9 May 2017 under the 2009 Serco Deferred Bonus Plan ('DBP') vested to the following PDMRs.  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. provided below. 
 



PDMR


Number of CSAs vesting


Number of Ordinary Shares sold


Number of Ordinary Shares retained




Rupert Soames, 
Group Chief Executive


873,926


412,189


461,737




Angus Cockburn, 
Group Chief Financial Officer


441,470


212,651


228,819




Kevin Craven, 
CEO, UK & Europe


212,874


100,403


112,471




David Eveleigh, 
Group General Counsel and Company Secretary


63,218


29,818


33,400




Mark Irwin, 
CEO, ASPAC


281,092


Nil


281,092



   
The price for the disposal of the Shares was £1.3076 per Share. 
 
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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


873,926






























d) 
 


Aggregated information 


















- Aggregated volume


873,926














- Price


N/A














e) 
 


Date of the transaction 
 


11 May 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 following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















£1.3076


412,189






























d) 
 


Aggregated information 


















- Aggregated volume


412,189














- Price


£ 538,978














e) 
 


Date of the transaction 
 


11 May 2020




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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


441,470






























d) 
 


Aggregated information 


















- Aggregated volume


441,470














- Price


N/A














e) 
 


Date of the transaction 
 


11 May 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 following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















£1.3076


212,651






























d) 
 


Aggregated information 


















- Aggregated volume


212,651














- Price


£ 278,062














e) 
 


Date of the transaction 
 


11 May 2020




f) 
 


Place of the transaction 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


Kevin Craven




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


CEO UK & Europe




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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


212,874






























d) 
 


Aggregated information 


















- Aggregated volume


212,874














- Price


N/A














e) 
 


Date of the transaction 
 


11 May 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 following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















£1.3076


100,403






























d) 
 


Aggregated information 


















- Aggregated volume


100,403














- Price


£131,287














e) 
 


Date of the transaction 
 


11 May 2020




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 and 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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


63,218






























d) 
 


Aggregated information 


















- Aggregated volume


63,218














- Price


N/A














e) 
 


Date of the transaction 
 


11 May 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 following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















£1.3076


29,818






























d) 
 


Aggregated information 


















- Aggregated volume


29,818














- Price


£38,990














e) 
 


Date of the transaction 
 


11 May 2020




f) 
 


Place of the transaction 


London Stock Exchange (XLON)



 



1 
 


Details of the person discharging managerial responsibilities / person closely associated 
 




a) 
 


Name 


Mark Irwin




2 
 


Reason for the notification 
 




a) 
 


Position/status 
 


CEO ASPAC




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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
 




c) 
 


Price(s) and volume(s) 




























Price(s)


Volume(s)
















N/A


281,092






























d) 
 


Aggregated information 


















- Aggregated volume


281,092














- Price


N/A














e) 
 


Date of the transaction 
 


11 May 2020




f) 
 


Place of the transaction 


N/A



 


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