Serco Regulatory News (SRP)

PDMR

Number of Shares subject to the Performance Award

Rupert Soames,

Group Chief Executive

1,312,741

Angus Cockburn,

Group Chief Financial Officer

689,189

David Eveleigh,

Group General Counsel & Company Secretary

250,965

Mark Irwin,

CEO AsPac

321,277

Kevin Craven,

CEO UK & Europe

330,810

Philip Malem,

CEO Middle East

242,820

David Dacquino,

CEO Americas

414,774

Anthony Kirby,

Group HR Director

239,382

Kate Steadman,

Group Strategy & Communications Director

141,776

Performance

Measure

Weighting

Performance Target

EPS

28.33%

Statutory Earnings Per Share (EPS) before exceptional items (adjusted to reflect tax paid on a cash basis) of 19.0p (threshold, 25% vesting) to 23.2p (maximum, 100% vesting), measured as an aggregate over the three-year performance period ending 31 December 2021.

TSR

28.33%

Total Shareholder Return (TSR) of median (threshold, 25% vesting) to upper quartile (maximum, 100% vesting) when ranked relative to companies in the FTSE250 (excluding investment trusts), measured over the three-year performance period ending 31 December 2021.

ROIC

28.33%

Pre-tax Return on Invested Capital (ROIC) of 15.6% (threshold, 25% vesting) to 19.0% (maximum, 100% vesting), measured as an average over the three-year performance period ending 31 December 2021.

Strategic objective - Order Book

7.50%

Book-to-bill ratio of 100% (target, 50% vesting) to 105% (maximum, 100% vesting) measured as an average over the three-year performance period ending 31 December 2021.

Strategic objective - Employee Engagement

7.50%

For the year ending 31 December 2021, achieve an engagement score of 67 points (target, 50% vesting) to 70 points (maximum, 100% vesting) in our annual employee engagement survey.

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

1,312,741

d)

Aggregated information

- Aggregated volume

1,312,741

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Angus Cockburn

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)

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

689,189

d)

Aggregated information

- Aggregated volume

689,189

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

250,965

d)

Aggregated information

- Aggregated volume

250,965

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Irwin

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

321,277

d)

Aggregated information

- Aggregated volume

321,277

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kevin Craven

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

330,810

d)

Aggregated information

- Aggregated volume

330,810

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

242,820

d)

Aggregated information

- Aggregated volume

242,820

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Dacquino

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

414,774

d)

Aggregated information

- Aggregated volume

414,774

- Price

n/a

e)

Date of the transaction

6 June 2019

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

Group HR 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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

239,382

d)

Aggregated information

- Aggregated volume

239,382

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a

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

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 grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

n/a

141,776

d)

Aggregated information

- Aggregated volume

141,776

- Price

n/a

e)

Date of the transaction

6 June 2019

f)

Place of the transaction

n/a