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Last checked at 
7 Nov 2019 11:22
7 November 2019
Serco Group plc
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 4 November 2019, Kevin Craven exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan. In connection with the exercise, Ordinary Shares of 2 pence each ('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 options exercised | Ordinary Shares sold to cover costs | Share price | Number of Ordinary Shares retained |
Kevin Craven, CEO UK and Europe | 6 April 2016 | 8 April 2019 | 326,711 | 156,314 | 156.6 pence | 170,397 |
The notification of dealing forms for these transactions can be found below.
Transaction notification
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Kevin Craven | ||||
2
| Reason for the notification
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a)
| Position/status
| CEO, UK and 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')
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|
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Identification code | ISIN: GB0007973794 | |||||
|
| |||||
b)
| Nature of the transaction
| The exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.
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c)
| Price(s) and volume(s) |
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d)
| Aggregated information |
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|
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- Aggregated volume | 326,711 | |||||
|
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- Price | £6,534.22 | |||||
|
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e)
| Date of the transaction
| 4 November 2019 | ||||
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 to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 4 November 2019 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information |
| ||||
|
| |||||
- Aggregated volume | 156,314 | |||||
|
| |||||
- Price | £ 244,787.72 | |||||
|
| |||||
e)
| Date of the transaction
| 4 November 2019 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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