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Last checked at 
20 Jun 2019 15:10
20 June 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 17 June 2019, Kevin Craven exercised 268,067 nominal-cost options, granted under the 2009 Serco Performance Share Plan. 128,517 Ordinary Shares of 2 pence each ('Ordinary Shares') were sold at 137 pence per Ordinary Share to satisfy tax liabilities and dealing costs. Immediately following the exercise, the remaining balance of 139,550 Ordinary Shares were transferred to his spouse for nil consideration.
Name of PDMR | Grant date of award | Vest date of award | Number of shares exercised | Number of shares sold | Share price | Number of shares retained |
Kevin Craven | 2 September 2014 | 2 September 2017 | 76,248 | 36,878 | 137 pence | 39,370 |
29 May 2015 | 29 May 2018 | 191,819 | 91,639 | 137 pence | 100,180 |
The notification of dealing forms 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
| ||||
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 | |||
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 exercise of nominal-cost options over Ordinary Shares granted on 2 September 2014 and 29 May 2015 under the Company's 2009 Performance Share Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.02 | 76,248 | ||||
£0.02 | 191,819 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 268,067 | ||||
- Price | £5,361.34 | ||||
e)
| Date of the transaction
| 17 June 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 6 June 2019 under the Company's 2009 Performance Share Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.37 | 36,878 | ||||
£1.37 | 91,639 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 128,517 | ||||
- Price | £176,068.29 | ||||
e)
| Date of the transaction
| 17 June 2019 | |||
f)
| Place of the transaction | London Stock Exchange (XLON) | |||
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 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 | |||
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 transfer of 139,550 Ordinary Shares to Spouse for nil consideration.
No change in beneficial ownership.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 139,550 | ||||
d)
| Aggregated information | ||||
n/a (single transaction) | |||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 17 June 2019 | |||
f)
| Place of the transaction | n/a | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Amber Jane Craven | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PCA of Kevin Craven (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 | |||
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
| Receipt of Ordinary Shares from spouse for nil consideration.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£0.00 | 139,550 | ||||
d)
| Aggregated information | ||||
n/a (single transaction) | |||||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 17 June 2019 | |||
f)
| Place of the transaction | n/a | |||
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