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14 Jun 2022 11:30
14 June 2022
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')
Following the announcement released on 10 June 2022 concerning the vesting of conditional share awards ('CSAs') on 6 June 2022 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), Rupert Soames, Nigel Crossley, David Dacquino, Mark Irwin, Anthony Kirby and Kate Steadman sold sufficient Ordinary Shares to satisfy tax liabilities and associated dealing costs ('Costs') that arose upon vesting. David Eveleigh and Philip Malem chose to sell an additional number of the resulting shares in addition to those sold to cover Costs. A summary of the Ordinary Shares sold and retained in respect of the vesting CSAs is set out below.
Name of PDMR | Number of Ordinary Shares sold | Number of Ordinary Shares retained from vesting CSAs |
Rupert Soames, Group Chief Executive Officer | 574,897 | 626,185 |
Nigel Crossley, Group Chief Financial Officer | 50,911 | 55,450 |
David Dacquino, Chairman and Chief Executive Officer, Serco Americas | 114,628 | 264,858 |
David Eveleigh, Group General Counsel and Company Secretary | 133,293 | 96,320 |
Mark Irwin, Chief Executive Officer, Serco UK and Europe | 82,552 | 211,391 |
Anthony Kirby, Group Chief Operating Officer | 104,830 | 114,181 |
Philip Malem, Chief Executive Officer, Serco Middle East | 222,160 | - |
Kate Steadman, Group Strategy and Communications Director | 62,086 | 67,623 |
The price for the disposal of the Ordinary Shares was £1.822879 per Share.
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.
The notification of dealing forms for this transaction can be found below.
For further information please contact:
Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com
Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email: 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.
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 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
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 574,897 | |||||
- Price | £1,047,967.67 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Nigel Crossley | ||||
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 ('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
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 50,911 | |||||
- Price | £92,804.59 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | David Dacquino | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chairman and Chief Executive Officer, Serco Americas | ||||
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
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 114,628 | |||||
- Price | £208,952.97 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
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 ('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
| The sale of Ordinary Shares following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 133,293 | |||||
- Price | £242,977.01 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
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
| Chief Executive Officer, Serco UK and 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 ('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
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 82,552 | |||||
- Price | £150,482.31 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Anthony Kirby
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Chief Operating 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
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 104,830 | |||||
- Price | £191,092.41 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Philip Malem
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer, Serco Middle East | ||||
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
| The sale of Ordinary Shares following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 222,160 | |||||
- Price | £404,970.80 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Kate Steadman
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group Strategy and Communications Director | ||||
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
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 62,086 | |||||
- Price | £113,175.27 | |||||
e)
| Date of the transaction
| 9 June 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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