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12 Apr 2023 16:34
12 April 2023
Serco Group plc (the 'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
On 5 April 2023, pursuant to the participation in the 2023 deferred bonus plan and in connection with the earlier voluntary deferral of a proportion of their 2022 annual bonus, ordinary shares of 2 pence each ('Investment Shares') were acquired on behalf of the PDMRs.
On 6 April 2023, following the acquisition of the Investment Shares and in accordance with the 2023 deferred bonus plan, the Company granted conditional share awards ('Matching Awards') to the PDMRs.
Details of each transaction are summarised in the table below.
PDMR | Investment Shares Purchased | Shares under Matching Awards granted |
David Eveleigh, Group General Counsel & Company Secretary | 50,172 | 190,658 |
Mark Irwin, Group CEO | 75,747 | 287,844 |
Anthony Kirby, Group Chief Operating Officer | 43,461 | 165,154 |
Kate Steadman, Group Strategy and Communications Director | 30,799 | 117,040 |
The Matching Awards have a normal vesting date of 6 April 2026 and vesting is conditional on continued employment, the continued holding of the Investment Shares, and the satisfaction of an EPS performance measure tested over the relevant three-year performance period.
Transaction notification
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
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.538575 | 50,172 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 50,172 | ||||
- Price | £77,193.38 | ||||
e)
| Date of the transaction
| 5 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 grant of conditional share awards. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 190,658 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 190,658 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 April 2023 | |||
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
| Group 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)
| 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
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.538575 | 75,747 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 75,747 | ||||
- Price | £116,542.44 | ||||
e)
| Date of the transaction
| 5 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 grant of conditional share awards . | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 287,844 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 287,844 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 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, Serco 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
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.538575 | 43,461 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 43,461 | ||||
- Price | £66,868.01 | ||||
e)
| Date of the transaction
| 5 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 grant of conditional share awards. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 165,154 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 165,154 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 April 2023 | |||
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
| Purchase of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.538575 | 30,799 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 30,799 | ||||
- Price | £47,386.57 | ||||
e)
| Date of the transaction
| 5 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 grant of conditional share awards. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 117,040 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 117,040 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 April 2023 | |||
f)
| Place of the transaction | n/a | |||
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