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27 Apr 2022 12:24
27 April 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')
On 26 April 2022, conditional share awards ('CSAs') granted to Rupert Soames on 26 April 2019 under the 2018 Equity Settled Bonus Plan vested. In connection with the vest, Ordinary Shares were sold to satisfy tax liabilities and dealing costs. A summary of the Ordinary Shares acquired, sold and retained is set out below.
Name of PDMR | Grant date of award | Vest date of award | Number of CSAs vesting | Number of Ordinary Shares sold | Number of Ordinary Shares retained |
Rupert Soames, Group Chief Executive | 26 April 2019 | 26 April 2022 | 242,887 | 117,606 | 125,281 |
The price for the disposal of the Ordinary Shares was £1.500893 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 | Rupert Soames | ||||
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 ('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 26 April 2019 under the Company's 2018 Equity Settled Bonus Plan. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 242,887 | |||||
- Price | N/A | |||||
e)
| Date of the transaction
| 26 April 2022 | ||||
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 and dealing costs following the vesting of conditional share awards over Ordinary Shares on 26 April 2022 under the Company's 2018 Equity Settled Bonus Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 117,606 | |||||
- Price | £176,514.02 | |||||
e)
| Date of the transaction
| 26 April 2022 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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