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Last checked at 
26 Jun 2019 10:05
26 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 24 June 2019, Mark Irwin exercised 275,605 nominal-cost options, granted under the 2009 Serco Performance Share Plan on 6 April 2016. 200,000 Ordinary Shares of 2 pence each ('Ordinary Shares') were sold at 138 pence per Ordinary Share to satisfy tax liabilities and dealing costs. The remaining balance of 75,605 Ordinary Shares were retained.
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 |
Mark Irwin, CEO ASPAC | 6 April 2016 | 8 April 2019 | 275,605 | 200,000 | 138 pence | 75,605 |
The notification of dealing forms can be found below.
Transaction notification
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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 275,605 | |||||
- Price | £5,512,10 | |||||
e)
| Date of the transaction
| 24 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 24 June 2019 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 200,000 | |||||
- Price | £276,000 | |||||
e)
| Date of the transaction
| 24 June 2019 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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