REG - Serco Group PLC - Director/PDMR Shareholding

SercoAnnouncement

07/09/2023 15:45

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RNS Number : 7667L  Serco Group PLC  07 September 2023

Serco Group plc (the 'Company')

 

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

 

The Company notifies the following changes in the interests in the ordinary
shares of 2p each (Shares) of PDMRs, arising from awards granted under the
Serco Group plc 2019 Long-Term Incentive Plan (Share Awards) on 6 September
2023 at a price of £1.5212 per Share, being the average closing price of the
Shares over the five Dealing Days prior to the date of grant.

 

 PDMR               Number of Share Awards Granted
 Gillian Duggan(1)  488,099
 Ruth McGowan(2)    187,352

 

216,933(1) and 187,352(2) respectively, are subject to performance conditions
(Aggregate Earnings per Share (25%); Relative Total Shareholder Return (25%);
Average Return on Invested Capital (25%); Environmental, Social and Governance
Scorecard (15%); and Order Book (10%)) that will be measured over a period of
three years.

 

Malus and clawback provisions apply to the Share Awards.

 

This announcement is made in accordance with the requirements of the UK
version of the Market Abuse Regulation 596/2014.

 

 1    Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name of natural person                   Gillian Duggan

 2    Reason for the notification

 a)   Position/status                          Group Chief People and Culture 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)   Legal Entity Identifier code             549300PT2CIHYN5GWJ21

 4    Details of the transaction(s) summary table

      Date of Transaction    Financial Instrument                Identification Code  Place of Transaction     Currency
      6 September 2023       Ordinary shares of 2 pence each     ISIN: GB0007973794   Outside a trading venue  GBP - British Pound
      Nature of Transaction                                      Price                Volume                   Total

      Grant of Share Awards                    £1.5212           488,099              £742,496.20
                             Aggregated                          £1.5212              488,099                  £742,496.20

 

 

 

 1    Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name of natural person                   Ruth McGowan

 2    Reason for the notification

 a)   Position/status                          Group Chief Strategy and Growth 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)   Legal Entity Identifier code             549300PT2CIHYN5GWJ21

 4    Details of the transaction(s) summary table

      Date of Transaction    Financial Instrument                Identification Code  Place of Transaction     Currency
      6 September 2023       Ordinary shares of 2 pence each     ISIN: GB0007973794   Outside a trading venue  GBP - British Pound
      Nature of Transaction                                      Price                Volume                   Total

      Grant of Share Awards                    £1.5212           187,352              £284,999.86
                             Aggregated                          £1.5212              187,352                  £284,999.86

 

 

David Eveleigh

Group General Counsel and Company Secretary

7 September 2023

 

 

For further information please contact:

Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or
email: paul.checketts@serco.com (mailto:paul.checketts@serco.com)

Marcus De Ville, Head of Media Relations; tel +44 (0) 7738 898 550 or
email: marcus.deville@serco.com (mailto:marcus.deville@serco.com)

 

About Serco

Serco is an impact partner to the world's leading governments.  We gain
scale, expertise and deliver measurable positive impact 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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