Director/PDMR Shareholding

RNS Number : 1696W

Serco Group PLC

13 April 2023

 

13 April 2023

Serco Group plc

Legal Entity Identifier: 549300PT2CIHYN5GWJ21

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')

On 6 April 2023, conditional share awards ('Performance Awards') granted to PDMRs on 6 October 2020 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), vested .  A summary of the Ordinary Shares acquired, sold, to satisfy tax liabilities and associated dealing costs ('Costs') and retained in respect of the vesting Performance Awards is set out below.

Name of PDMR	Number of Ordinary Shares acquired	Number of Ordinary Shares sold	Number of Ordinary Shares retained from vesting Performance Awards	Number of Ordinary Shares transferred to spouse
Mark Irwin, Group Chief Executive Officer	323,397	152,5321	170,865	-
Nigel Crossley, Group Chief Financial Officer	235,440	111,0471	124,393	-
David Eveleigh, Group General Counsel & Company Secretary	241,621	210,000	-	31,621
Anthony Kirby, CEO UK & Europe	290,691	137,1061	153,585	-
Philip Malem, CEO Middle East	236,311	236,311	-	-
Kate Steadman, Group Strategy & Communications Director	136,490	64,3771	72,113	-
Tom Watson, CEO Americas	86,428	26,1071	60,321	-
Peter Welling CEO AsPac	221,288	-	221,288	-

^{1.  Sold to cover Costs}

The price for the disposal of the Ordinary Shares was £1.522932 per Share.

This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

The notification of dealing forms for this transaction can be found below.

Transaction notification

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Irwin
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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 323,397
d)	Aggregated information
	- Aggregated volume	323,397
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 152,532
d)	Aggregated information
	- Aggregated volume	152,532
	- Price	£232,295.86
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	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 ('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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 235,440
d)	Aggregated information
	- Aggregated volume	235,440
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 111,047
d)	Aggregated information
	- Aggregated volume	111,047
	- Price	£169,117.03
e)	Date of the transaction	11 April 2023
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 & 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 ('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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 241,621
d)	Aggregated information
	- Aggregated volume	241,621
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 210,000
d)	Aggregated information
	- Aggregated volume	210,000
	- Price	£319,815.72
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)
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 transfer of 68,989 Ordinary Shares to Spouse for nil consideration. No change in beneficial ownership.
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00 31,621
d)	Aggregated information
	- Aggregated volume	31,621
	- Price	£0.00
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Katharine Eveleigh
2	Reason for the notification
a)	Position/status	PCA of David Eveleigh (Group General Counsel & 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	Receipt of Ordinary Shares from spouse for nil consideration.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.00	31,621
d)	Aggregated information
	- Aggregated volume	31,621
	- Price	£0.00
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anthony Kirby
2	Reason for the notification
a)	Position/status	CEO UK & Europe
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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 290,691
d)	Aggregated information
	- Aggregated volume	290,691
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 137,106
d)	Aggregated information
	- Aggregated volume	137,106
	- Price	£208,803.11
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Philip Malem
2	Reason for the notification
a)	Position/status	CEO Middle East
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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 236,311
d)	Aggregated information
	- Aggregated volume	236,311
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 236,311
d)	Aggregated information
	- Aggregated volume	236,311
	- Price	£359,885.58
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Steadman
2	Reason for the notification
a)	Position/status	Group Strategy & Communications Director
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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 136,490
d)	Aggregated information
	- Aggregated volume	136,490
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 64,377
d)	Aggregated information
	- Aggregated volume	64,377
	- Price	£98,041.79
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Tom Watson
2	Reason for the notification
a)	Position/status	CEO Americas
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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 86,428
d)	Aggregated information
	- Aggregated volume	86,428
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A
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 following the vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) £1.522932 26,107
d)	Aggregated information
	- Aggregated volume	26,107
	- Price	£39,759.19
e)	Date of the transaction	11 April 2023
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Welling
2	Reason for the notification
a)	Position/status	CEO AsPac
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	The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 221,288
d)	Aggregated information
	- Aggregated volume	221,288
	- Price	N/A
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	N/A

 

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