Director/PDMR Shareholding

RNS Number : 9084P

Serco Group PLC

31 May 2018

 

31 May 2018

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, confirms the vesting of Deferred Bonus Matching Share Awards granted in 2015 ('the Awards') to Rupert Soames and David Eveleigh in the form of Conditional Share Awards under the 2009 Serco Deferred Bonus Plan ('DBP'). 

The performance measure and vesting details are as follows:

Measure	Performance period	Weighting	Outcome	% of the award vesting
Aggregate EPS	1 January 2015 - 31 December 2017	100%	Aggregate EPS exceeded the 12.5p required for full vesting	100%

The notifications that follow reflect the changes in the interests of the PDMR in ordinary shares arising from the vesting of the Awards and the sale of ordinary shares to meet tax liabilities.

The closing price of an ordinary share of Serco Group plc at the point of vesting on 29 May 2018 was £0.9670.

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 number of Ordinary Shares released on the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	658,288
d)	Aggregated information
	- Aggregated volume	658,288
	- Price	£0.02
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

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 number of Ordinary Shares released on the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			N/A	18,840
d)	Aggregated information
	- Aggregated volume	18,840
	- Price	£0.02
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

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 sale of Ordinary Shares to meet tax liabilities following the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.9670	310,484
d)	Aggregated information
	- Aggregated volume	310,484
	- Price	£300,238.03
e)	Date of the transaction	29 May 2018
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 sale of Ordinary Shares to meet tax liabilities following the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.9670	8,886
d)	Aggregated information
	- Aggregated volume	8,886
	- Price	£8,592.76
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	London Stock Exchange (XLON)

 

END

 

 

DSHUAUVRWKAVOAR