Director/PDMR Shareholding

RNS Number : 8098F

Serco Group PLC

09 November 2022

 

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 12^th 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 31^st 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
a)	Name	Rupert Soames
2	Reason for the notification
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
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	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: [phone] or email:   [e-mail]
Marcus De Ville, Head of Media Relations, tel: [phone] or email:   [e-mail]
About Serco
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 .

 

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