REG - Serco Group PLC - Director/PDMR Shareholding
10/05/2023 16:30
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RNS Number : 9988Y Serco Group PLC 10 May 2023
10 May 2023
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 5 May 2023, conditional share awards ('CSAs') granted on 6 October 2020
under the 2019 Serco Deferred Bonus Plan ('DBP') vested.
On 5 May 2023, Mark Irwin exercised nominal-cost options, granted under the
2009 Serco Performance Share Plan and, on the same date sold 527,383 Ordinary
Shares at an average price of 150.8006p. The sale was made to cover Australian
tax obligations related to the historic vesting of share awards during Mark's
tenure as Chief Executive Officer of Serco Asia Pacific. Following this share
sale, Mark's outright Serco share ownership remains in excess of the Group
Remuneration Policy guideline of 200% of salary.
A summary of the Ordinary Shares acquired, sold, and retained in respect of
the vesting CSAs and exercised nominal-cost options is set out below.
Vesting CSAs
PDMR Number of Ordinary Shares acquired Number of Ordinary Shares sold Number of Ordinary Shares retained Number of Ordinary Shares transferred to Spouse
Mark Irwin, 223,380 105,359(1) 118,021 -
Group Chief Executive
David Eveleigh, 233,012 124,000 - 109,012
Group General Counsel and Company Secretary
Anthony Kirby, 156,882 156,882 - -
CEO UK & Europe
1. Sold to satisfy tax liabilities and associated dealing costs
Exercised nominal-cost options
PDMR Grant date of award Vest date of award Number of Ordinary Shares acquired Ordinary Shares sold Number of Ordinary Shares retained
Mark Irwin, 6 April 2017 6 April 2020 116,809 116,809 -
Group Chief Executive
25 June 2018 25 June 2021 410,574 410,574 -
The price for the disposal of the Shares was £1.508006 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 Mark Irwin
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
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 October 2020.
c) Price(s) and volume(s)
Price(s) Volume(s)
N/A 223,380
d) Aggregated information
- Aggregated volume 223,380
- Price N/A
e) Date of the transaction 5 May 2023
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.
c) Price(s) and volume(s)
Price(s) Volume(s)
£ 1.508006 105,359
d) Aggregated information
- Aggregated volume 105,359
- Price £158,882.00
e) Date of the transaction 5 May 2023
f) Place of the transaction London Stock Exchange (XLON)
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 ISI
N:
GB0
007
973
794
b) Nature of the transaction The exercise of nominal-cost options over Ordinary Shares granted on 6 April
2017 and 25 June 2018 under the Company's 2009 Performance Share Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.02 116,809
£0.02 410,574
d) Aggregated information
- Aggregated volume 527
,38
3
- Price £10
,54
7.6
6
e) Date of the transaction 5 May 2023
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 ISI
N:
GB0
007
973
794
b) Nature of the transaction The sale of Ordinary Shares following the exercise of nominal-cost options
over Ordinary Shares on 5 May 2023 under the Company's 2009 Performance Share
Plan.
c) Price(s) and volume(s) Price(s) Volume(s)
£1.508006 527,383
d) Aggregated information
- Aggregated volume 527
,38
3
- Price £79
5,2
96.
73
e) Date of the transaction 5 May 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
527,383
- Price
£10,547.66
e)
Date of the transaction
5 May 2023
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 following the exercise of nominal-cost options
over Ordinary Shares on 5 May 2023 under the Company's 2009 Performance Share
Plan.
c)
Price(s) and volume(s)
Price(s) Volume(s)
£1.508006 527,383
d)
Aggregated information
- Aggregated volume
527,383
- Price
£795,296.73
e)
Date of the transaction
5 May 2023
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 vest of conditional share
awards granted on 6 October 2020.
c) Price(s) and volume(s)
Price(s) Volume(s)
N/A 233,012
d) Aggregated information
- Aggregated volume 233,012
- Price N/A
e) Date of the transaction 5 May 2023
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 following the vesting of conditional share awards
granted on 6 October 2020 under the Company's 2019 Deferred Bonus Plan.
c) Price(s) and volume(s)
Price(s) Volume(s)
£ 1.508006 124,000
d) Aggregated information
- Aggregated volume 124,000
- Price £186,992.74
e) Date of the transaction 5 May 2023
f) Place of the transaction London Stock Exchange (XLON)
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 ISI
N:
GB0
007
973
794
b) Nature of the transaction The transfer of 109,012 Ordinary Shares to Spouse for nil consideration.
No change in beneficial ownership.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 109,012
d) Aggregated information
- Aggregated volume 109
,01
2
- Price £0.
00
e) Date of the transaction 5 May 2023
f) Place of the transaction N/A
d)
Aggregated information
- Aggregated volume
109,012
- Price
£0.00
e)
Date of the transaction
5 May 2023
f)
Place of the transaction
N/A
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Katharine Eveleigh
2 Reason for the notification
a) Position/status PCA of David Eveleigh (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 Receipt of Ordinary Shares from spouse for nil consideration.
c) Price(s) and volume(s)
Price(s) Volume(s)
£0.00 109,012
d) Aggregated information
- Aggregated volume 109,012
- Price £0.00
e) Date of the transaction 5 May 2023
f) Place of the transaction N/A
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Anthony Kirby
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 vest of conditional share
awards granted on 6 October 2020.
c) Price(s) and volume(s)
Price(s) Volume(s)
N/A 156,882
d) Aggregated information
- Aggregated volume 156,882
- Price N/A
e) Date of the transaction 5 May 2023
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 following the vesting of conditional share awards
granted on 6 October 2020.
c) Price(s) and volume(s)
Price(s) Volume(s)
£ 1.508006 156,882
d) Aggregated information
- Aggregated volume 156,882
- Price £236,579.00
e) Date of the transaction 5 May 2023
f) Place of the transaction London Stock Exchange (XLON)
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