Director/PDMR Shareholding

RNS Number : 7663C

Serco Group PLC

19 April 2017

 

19 April 2017

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

Serco Group plc ('Serco' or 'the Company'), the international service company, announces that a conditional share award over 25,899 ordinary shares of 2p each in Company (ISIN: GB0007973794), granted to Angus Cockburn on 31 October 2014, under the Serco Performance Share Plan (PSP), vested on 18 April 2017.  The share award was awarded to Angus upon appointment to the Company to compensate for non-performance share awards forfeited by his previous employer.  The number of shares sold to meet associated tax and NIC liabilities arising on vesting and the number of vested shares retained is set out below:

Name	Position	No of Shares vested	No of Shares sold to satisfy associated tax and NIC liability	Share Price of Shares  sold (p)	No. of vested shares retained
Angus Cockburn	Group Chief Financial Officer (PDMR)	25,899	12,217	112.1	13,682

The vesting of the above share award took place outside of a trading venue. The share sale transaction took place on the London Stock Exchange (XLON) on 18 April 2017.

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