Last checked at 9 Nov 2022 10:00
9 November 2022
Serco Group plc (the'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs')
In the announcement of Rupert Soames's impending retirement on 12th September 2022, it was stated that as part of prudent financial planning and portfolio management, he would be reducing his holdings in the Company as he prepares for retirement. It was further stated that he would retain interests well in excess of that required by the Directors' Remuneration Policy for at least the next three years.
In line with this, on 7 November 2022 Rupert sold 1,885,000 ordinary shares at an average price of £1.6207 pence. In the latest Annual Report, Rupert's total share interests at 31st December 2021 amounted to 10,631,281 shares.
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The notification of dealing form can be found below
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name | Rupert Soames | |||
2
| Reason for the notification
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a)
| Position/status
| Group Chief Executive Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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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
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a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 2 pence each ('Ordinary Shares')
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Identification code | ISIN: GB0007973794 | ||||
b)
| Nature of the transaction
| Sale of Ordinary Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.6207 | 1,885,000 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 1,885,000 | ||||
- Price | £3,053,490.99 | ||||
e)
| Date of the transaction
| 7 November 2022 | |||
f)
| Place of the transaction
| London Stock Exchange (XLON) | |||
For further information please contact: | |||||||||||
Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com | |||||||||||
Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email: marcus.deville@serco.com | |||||||||||
About Serco | |||||||||||
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Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com. | |||||||||||