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Last checked at 
9 Apr 2020 13:32
9 April 2020
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
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INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')
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On 6 April 2020, conditional share awards ('CSAs') granted to David Dacquino on 6 April 2017 under the 2009 Serco Performance Share 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.
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Name of PDMR | Grant date of award | Vest date of award | Number of CSAs vesting | Number of Ordinary Shares sold to cover costs | Number of Ordinary Shares retained |
David Dacquino, Chairman and CEO Serco Americas | 6 April 2017 | 6 April 2020 | 121,519 | 36,707 | 84,812 |
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The price for the disposal of the Ordinary Shares was Ā£1.2464 per Share.
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This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.
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The notification of dealing forms for this transaction can be found below.
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Transaction notification
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1 Ā | Details of the person discharging managerial responsibilities / person closely associated Ā | |||||
a) Ā | Name | David Dacquino | ||||
2 Ā | Reason for the notification Ā | |||||
a) Ā | Position/status Ā | Chairman and CEO Serco Americas | ||||
b) Ā | Initial notification /Amendment Ā | Initial notification | ||||
3 Ā | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor Ā | |||||
a) Ā | Name Ā | Serco Group plc ('the Company') | ||||
b) Ā | LEI Ā | 549300PT2CIHYN5GWJ21 | ||||
4 Ā | 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 Ā | |||||
a) Ā | Description of the financial instrument, type of instrument | Ordinary Shares of 2 pence each ('Ordinary Shares') Ā | ||||
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Identification code | ISIN: GB0007973794 | |||||
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b) Ā | Nature of the transaction Ā Ā | The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 April 2017 under the Company's 2009 Performance Share Plan. | ||||
c) Ā | Price(s) and volume(s) |
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d) Ā | Aggregated information | Ā | ||||
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- Aggregated volume | 121,519 | |||||
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- Price | N/A | |||||
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e) Ā | Date of the transaction Ā | 6 April 2020 | ||||
f) Ā | Place of the transaction | N/A | ||||
4 Ā | 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 Ā | |||||
a) Ā | Description of the financial instrument, type of instrument | Ordinary Shares of 2 pence each ('Ordinary Shares') Ā | ||||
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Identification code | ISIN: GB0007973794 | |||||
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b) Ā | Nature of the transaction Ā Ā | The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 April 2020 under the Company's 2009 Performance Share Plan. Ā | ||||
c) Ā | Price(s) and volume(s) |
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d) Ā | Aggregated information | Ā | ||||
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- Aggregated volume | 36,707 | |||||
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- Price | Ā£ 45,751.60 | |||||
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e) Ā | Date of the transaction Ā | 6 April 2020 | ||||
f) Ā | Place of the transaction | London Stock Exchange (XLON) | ||||
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