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23 Jun 2020 15:15
23 June 2020
Serco Group plc (the 'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')
On 19 June 2020, Kevin Craven exercised nominal-cost options granted under the 2009 Serco Performance Share Plan and, on the same date, sold the full balance of Ordinary Shares acquired.
A summary of the Ordinary Shares acquired and sold is set out below.
Name of PDMR | Grant date of award | Vest date of award | Number of Ordinary Shares acquired | Ordinary Shares sold |
Kevin Craven, CEO, UK & Europe | 6 April 2017 | 6 April 2020 | 220,000 | 220,000 |
The price for the disposal of the Ordinary Shares was £1.5425 per Share.
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.
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
| |||||
a)
| Position/status
| CEO, 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 ('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')
| ||||
Identification code | ISIN: GB0007973794 | |||||
b)
| Nature of the transaction
| The exercise of nominal-cost options over Ordinary Shares granted on 6 April 2017 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 220,000 | |||||
- Price | £4,400 | |||||
e)
| Date of the transaction
| 19 June 2020 | ||||
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 following the exercise of nominal-cost options over Ordinary Shares on 19 June 2020 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 220,000 | |||||
- Price | £339,350 | |||||
e)
| Date of the transaction
| 19 June 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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