Last checked at 11 Apr 2024 15:47
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 as a result of vestings from the Long-Term Incentive Plan and the Deferred Bonus Plan (Share Awards) that were granted in 2021. The vesting price was £1.859394 per Share.
Directors | Dividend Equivalents | Number of Share Awards Lapsed | Number of Share Awards Vested | Number of Shares Sold for Tax | Total Number of Shares Retained |
Mark Irwin1 | 30,478 | 22,054 | 597,946 | 282,023 | 315,923 |
Nigel Crossley | 22,938 | 31,431 | 450,337 | 212,403 | 237,934 |
| |||||
Other PDMRs | |||||
David Eveleigh | 23,172 | 16,478 | 454,690 | 214,456 | 240,234 |
Anthony Kirby | 25,831 | 19,824 | 506,844 | 506,8442 | 0 |
Phil Malem | 11,027 | 15,115 | 216,544 | 216,5442 | 0 |
Tom Watson | 4,024 | 5,531 | 79,206 | 23,926 | 55,280 |
1. Vested Shares were transferred to spouse.
2. All Vested Shares were sold.
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 | Mark Irwin | ||||
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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
4
| Details of the transaction(s) summary table | |||||
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Disposal - Tax Liability |
| £1.859394 | 282,023 | £524,391.87 | |
| Disposal - transfer to spouse |
| £1.859394 | 315,923 | £587,425.33 | |
|
| Aggregated | £1.859394 | 597,946 | £1,111,817.20 | |
1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
a)
| Name of natural person | 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 | ||||
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 | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Disposal - Tax Liability |
| £1.859394 | 212,403 | £394,940.86 | |
|
| Aggregated | £1.859394 | 212,403 | £394,940.86 | |
1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
a)
| Name of natural person | David Eveleigh | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Group General Counsel
| ||||
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 | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Disposal - Tax Liability |
| £1.859394 | 214,456 | £398,758.20 | |
|
| Aggregated | £1.859394 | 214,456 | £398,758.20 | |
1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
a)
| Name of natural person | Anthony Kirby | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| UK & Europe CEO
| ||||
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 | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Disposal |
| £1.859394 | 506,844 | £942,422.69 | |
|
| Aggregated | £1.859394 | 506,844 | £942,422.69 | |
1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
a)
| Name of natural person | Phil Malem | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Middle East CEO
| ||||
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 | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Disposal |
| £1.859394 | 216,544 | £402,640.61 | |
|
| Aggregated | £1.859394 | 216,544 | £402,640.61 | |
1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
a)
| Name of natural person | Tom Watson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| North America CEO
| ||||
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 | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Disposal - Tax Liability |
| £1.859394 | 23,926 | £44,487.86 | |
|
| Aggregated | £1.859394 | 23,926 | £44,487.86 | |
1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
a)
| Name of natural person | Jianghong Wang | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Spouse of 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
4
| Details of the transaction(s) summary table | |||||
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange, Main Market (XLON) | GBP - British Pound | |
| Nature of Transaction |
| Price | Volume | Total | |
| Acquisition - transfer from spouse | £1.859394 | 315,923 | £587,425.33 | ||
|
| Aggregated | £1.859394 | 315,923 | £587,425.33 | |
Nickesha Graham-Burrell
Group Company Secretary
11 April 2024
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 brings together the right people, the right technology and the right partners to create innovative solutions that make positive impact and address some of the most urgent and complex challenges facing the modern world. With a primary focus on serving governments globally, Serco's services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility and customer services. Serco's core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management. Underpinned by Serco's unique operating model, Serco drives innovation and supports customers from service discovery through to delivery. More information can be found at www.serco.com.