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13 Apr 2023 16:07
13 April 2023
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')
On 6 April 2023, conditional share awards ('Performance Awards') granted to PDMRs on 6 October 2020 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), vested. A summary of the Ordinary Shares acquired, sold, to satisfy tax liabilities and associated dealing costs ('Costs') and retained in respect of the vesting Performance Awards is set out below.
Name of PDMR | Number of Ordinary Shares acquired | Number of Ordinary Shares sold | Number of Ordinary Shares retained from vesting Performance Awards | Number of Ordinary Shares transferred to spouse |
Mark Irwin, Group Chief Executive Officer | 323,397 | 152,5321 | 170,865 | - |
Nigel Crossley, Group Chief Financial Officer | 235,440 | 111,0471 | 124,393 | - |
David Eveleigh, Group General Counsel & Company Secretary | 241,621 | 210,000 | - | 31,621 |
Anthony Kirby, CEO UK & Europe | 290,691 | 137,1061 | 153,585 | - |
Philip Malem, CEO Middle East | 236,311 | 236,311 | - | - |
Kate Steadman, Group Strategy & Communications Director | 136,490 | 64,3771 | 72,113 | - |
Tom Watson, CEO Americas | 86,428 | 26,1071 | 60,321 | - |
Peter Welling CEO AsPac | 221,288 | - | 221,288 | - |
1. Sold to cover Costs
The price for the disposal of the Ordinary Shares was £1.522932 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.
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 ('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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 323,397 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 152,532 | |||||
- Price | £232,295.86 | |||||
e)
| Date of the transaction
| 11 April 2023 | ||||
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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 235,440 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 111,047 | |||||
- Price | £169,117.03 | |||||
e)
| Date of the transaction
| 11 April 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 & 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 241,621 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 210,000 | |||||
- Price | £319,815.72 | |||||
e)
| Date of the transaction
| 11 April 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 | ISIN: GB0007973794 | |||||
b)
| Nature of the transaction
| The transfer of 68,989 Ordinary Shares to Spouse for nil consideration.
No change in beneficial ownership.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 31,621 | |||||
- Price | £0.00 | |||||
e)
| Date of the transaction
| 11 April 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 | 31,621 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 31,621 | ||||
- Price | £0.00 | ||||
e)
| Date of the transaction
| 11 April 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 ('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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 290,691 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 137,106 | |||||
- Price | £208,803.11 | |||||
e)
| Date of the transaction
| 11 April 2023 | ||||
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
| CEO 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 236,311 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 236,311 | |||||
- Price | £359,885.58 | |||||
e)
| Date of the transaction
| 11 April 2023 | ||||
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 & 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 136,490 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 64,377 | |||||
- Price | £98,041.79 | |||||
e)
| Date of the transaction
| 11 April 2023 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Tom Watson | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 86,428 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 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 over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 26,107 | |||||
- Price | £39,759.19 | |||||
e)
| Date of the transaction
| 11 April 2023 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Peter Welling | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| CEO AsPac | ||||
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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 221,288 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 6 April 2023 | ||||
f)
| Place of the transaction | N/A | ||||
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