Director/PDMR Shareholding

Serco Group PLC
10 April 2024
 

Serco Group plc (the Company)

 

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs)

 

The Company notifies the following changes in the interests in the ordinary shares of 2p each (Shares) of PDMRs, arising pursuant to the Deferred Bonus Plan and the Long-Term Incentive Plan (Share Awards) as follows:

(i)            grants on 5 April 2024 in connection with the voluntary deferral of a proportion of 2023 annual bonus (Investment Shares) at a price of £1.853989 per Share; and matching Share Awards made on 8 April 2024 at a similar price per Share as the Investment Shares;

(ii)           grants on 8 April 2024 at a price of £1.8752 per Share, being the average closing price of the Shares over the five Dealing Days prior to the date of grant; and

 

Directors

Number of Share Awards Granted

Mark Irwin

 878,839

Nigel Crossley

 461,390

 


Other PDMRs


Gillian Duggan

 181,260

David Eveleigh1

 368,945

Andrew Head

 307,426

Anthony Kirby1

 402,614

Phil Malem

 193,399

Ruth McGowan

 156,543

Tom Watson

 285,960

 

1. The Share Awards Granted includes Investment Shares.

(iii)          sale of 240,234 Shares by David Eveleigh at a price of £1.8601 per Share.

 

Malus and clawback provisions apply to the Share Awards.

 

This announcement is made in accordance with the requirements of the UK version of the Market Abuse Regulation 596/2014. 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Mark Irwin

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

878,839

£1,647,998.89

 

 

Aggregated

£1.8752

878,839

£1,647,998.89

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Nigel Crossley

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

461,390

£865,198.53

 

 

Aggregated

£1.8752

461,390

£865,198.53

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Gillian Duggan

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Chief People and Culture 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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

181,260

£339,898.75

 

 

Aggregated

£1.8752

181,260

£339,898.75

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

David Eveleigh

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group General Counsel

 

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

5 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

London Stock Exchange - Main Market (XLON)

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Purchase of Ordinary Shares


£1.853989

36,504

£67,678.01

 


Aggregated

£1.853989

36,504

£67,678.01

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

193,723

£363,269.37

 

 

£1.853989

138,718

£257,181.65

 


Aggregated

£1.8663

332,441

£620,451.02

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

London Stock Exchange - Main Market (XLON)

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Disposal

£1.8601

240,234

£446,859.26

 

Aggregated

£1.8601

240,234

£446,859.26

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Andrew Head

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Asia Pacific CEO

 

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

307,426

£576,485.24

 

 

Aggregated

£1.8752

307,426

£576,485.24

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Anthony Kirby

2

 

Reason for the notification

 

a)

 

Position/status

 

 

UK & Europe CEO

 

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

5 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

London Stock Exchange - Main Market (XLON)

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Purchase of Ordinary Shares

 

£1.853989

19,338

£35,852.44

 

Aggregated

£1.853989

19,338

£35,852.44

 

 

Aggregated

£1.8711

383,276

£717,160.45

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

5 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

London Stock Exchange - Main Market (XLON)

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Purchase of Ordinary Shares

£1.853989

19,338

£35,852.44

 

 

Aggregated

£1.853989

19,338

£35,852.44

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Phil Malem

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Middle East CEO

 

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

193,399

£362,661.80

 

 

Aggregated

£1.8752

193,399

£362,661.80

 

 

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Ruth McGowan

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Chief Strategy and Growth 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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

156,543

£293,549.43

 

 

Aggregated

£1.8752

156,543

£293,549.43

 

1

 

Details of the person discharging managerial responsibilities/person closely associated

 

a)

 

Name of natural person

Tom Watson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

North America CEO

 

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)

 

Legal Entity Identifier code

 

 

549300PT2CIHYN5GWJ21

4

 

Details of the transaction(s) summary table

 

Date of Transaction

Financial Instrument

Identification Code

Place of Transaction

Currency

 

8 April 2024

Ordinary shares of 2 pence each

ISIN: GB0007973794

Outside a trading venue

GBP - British Pound

 

Nature of Transaction

 

 

Price

Volume

Total

 

Grant of Share Awards

£1.8752

285,960

£536,232.19

 

 

Aggregated

£1.8752

285,960

£536,232.19

 

 

Nickesha Graham-Burrell

Group Company Secretary

10 April 2024

 

 

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

Serco brings together the right people, the right technology and the right partners to create innovative solutions that make positive impact and address some of the most urgent and complex challenges facing the modern world.  With a primary focus on serving governments globally, Serco's services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility and customer services. Serco's core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management. Underpinned by Serco's unique operating model, Serco drives innovation and supports customers from service discovery through to delivery. More information can be found at www.serco.com.

 

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