Last checked at 14 May 2020 15:30
14 May 2020
Serco Group plc ('Serco' or 'the Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')
On 11 May 2020, conditional share awards ('CSAs') granted on 9 May 2017 under the 2009 Serco Deferred Bonus Plan ('DBP') vested to the following PDMRs. 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. provided below.
PDMR | Number of CSAs vesting | Number of Ordinary Shares sold | Number of Ordinary Shares retained |
Rupert Soames, Group Chief Executive | 873,926 | 412,189 | 461,737 |
Angus Cockburn, Group Chief Financial Officer | 441,470 | 212,651 | 228,819 |
Kevin Craven, CEO, UK & Europe | 212,874 | 100,403 | 112,471 |
David Eveleigh, Group General Counsel and Company Secretary | 63,218 | 29,818 | 33,400 |
Mark Irwin, CEO, ASPAC | 281,092 | Nil | 281,092 |
The price for the disposal of the Shares was £1.3076 per Share.
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation 596/2014. The notification of dealing forms can be found below.
Transaction notification
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Rupert Soames | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Group Chief Executive | |||
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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 873,926 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 873,926 | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.3076 | 412,189 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 412,189 | ||||
- Price | £ 538,978 | ||||
e)
| Date of the transaction
| 11 May 2020 | |||
f)
| Place of the transaction | London Stock Exchange (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | Angus Cockburn
| |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Group Chief Financial Officer | |||
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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 441,470 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 441,470 | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.3076 | 212,651 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 212,651 | ||||
- Price | £ 278,062 | ||||
e)
| Date of the transaction
| 11 May 2020 | |||
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 & 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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 212,874 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 212,874 | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.3076 | 100,403 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 100,403 | ||||
- Price | £131,287 | ||||
e)
| Date of the transaction
| 11 May 2020 | |||
f)
| Place of the transaction | London Stock Exchange (XLON) | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name | David Eveleigh | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Group General Counsel and Company Secretary | |||
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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 63,218 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 63,218 | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.3076 | 29,818 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 29,818 | ||||
- Price | £38,990 | ||||
e)
| Date of the transaction
| 11 May 2020 | |||
f)
| Place of the transaction | London Stock Exchange (XLON) | |||
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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 281,092 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 281,092 | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 11 May 2020 | |||
f)
| Place of the transaction | N/A | |||