REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

28/11/2022 10:00

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RNS Number : 7662H  Serco Group PLC  28 November 2022

28 November 2022

Serco Group plc (the'Company')

Legal Entity Identifier: 549300PT2CIHYN5GWJ21

 

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES ('PDMRs')

On 12 September 2022, in the announcement of Rupert Soames's impending
retirement, it was stated that as part of prudent financial planning and
portfolio management, he would be reducing his holdings in the Company as he
prepares for retirement. It was further stated that he would retain interests
well in excess of that required by the Group Remuneration Policy for at least
the three years following his retirement from the Company in September 2023.

In line with this, on Thursday 24th November 2022, Rupert sold 1,885,000
ordinary shares at an average price of £1.6964. Together with the
announcement of the sale of 1,885,000 ordinary shares on 9th November, this
takes the number of shares that Rupert has sold as part of his pre-retirement
portfolio management to 3,770,000.  In the latest Annual Report, Rupert's
total share interests at 31st December 2021 amounted to 10,631,281 shares. He
has told the Company that he does not intend to sell any more shares in the
near future, and at least until after the publication of the Company's results
for 2022.

 This announcement is made in accordance with the requirements of the EU
Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the
European Union (Withdrawal) Act 2018).  The notification of dealing forms can
be found below

 

 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 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 ('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                                    Sale of Ordinary Shares

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £1.696412         1,885,000

 d)   Aggregated information

      - Aggregated volume                                          1,885,000

      - Price                                                      £3,197,736.62

 e)   Date of the transaction                                      24 November 2022

 f)   Place of the transaction                                     London Stock Exchange (XLON)

 

 For further information please contact:
 Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or
 email: (mailto:paul.checketts@serco.com)  paul.checketts@serco.com
 (mailto:paul.checketts@serco.com)
 Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email:
 (mailto:marcus.deville@serco.com)  marcus.deville@serco.com
 (mailto:marcus.deville@serco.com)

 About Serco
 Serco is a leading provider of public services. Our customers are governments
 or others operating in the public sector.  We gain scale, expertise and
 diversification by operating internationally across five sectors and four
 geographies: Defence, Justice & Immigration, Transport, Health and Citizen
 Services, delivered in UK & Europe, North America, Asia Pacific and
 the Middle East. More information can be found at www.serco.com
 (http://www.serco.com/) .

 

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