Director/PDMR Shareholding

RNS Number : 6976H

Serco Group PLC

07 April 2022

 

7 April 2022

Serco Group plc (the 'Company')

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

On 5 April 2022, pursuant to the earlier voluntary deferral of a proportion of their 2021 annual bonus and, in accordance with the rules of the Serco Group plc 2019 Deferred Bonus Plan ('the Plan'), o rdinary shares of 2 pence each ('Investment Shares')   were acquired on behalf of the following PDMRs. 

On 6 April 2022, following the acquisition of the Investment Shares and in accordance with the rules of the Plan, the Company granted conditional share awards ('Matching Share Awards') to the following PDMRs.

Details of each transaction are summarised in the table below.  

PDMR	Investment Shares Purchased	Matching Share Awards granted
David Eveleigh, Group General Counsel & Company Secretary	53,165	202,030
Mark Irwin, CEO UK and Europe	86,912	330,270
Anthony Kirby, Group Chief Operating Officer	54,937	208,766

The Matching Share Awards have a normal vesting date of 6 April 2024 and vesting is conditional on continued employment, the continued holding of the Investment Shares, and the satisfaction of an EPS performance measure tested over the relevant three-year performance period.

Transaction notification

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
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.4646	53,165
d)	Aggregated information
	- Aggregated volume	53,165
	- Price	£ 77,865.46
e)	Date of the transaction	5 April 2022
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 grant of conditional share awards on 6 April 2022 under the Serco Group plc 2019 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	202,030
d)	Aggregated information
	- Aggregated volume	202,030
	- Price	n/a
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	n/a

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Irwin
2	Reason for the notification
a)	Position/status	CEO UK and 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
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.4646	86,912
d)	Aggregated information
	- Aggregated volume	86,912
	- Price	£ 127,291.32
e)	Date of the transaction	5 April 2022
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 grant of conditional share awards on 6 April 2022 under the Serco Group plc 2019 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	330,270
d)	Aggregated information
	- Aggregated volume	330,270
	- Price	n/a
e)	Date of the transaction	6 April 2022
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	Group Chief Operating 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)	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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.4646	54,937
d)	Aggregated information
	- Aggregated volume	54,937
	- Price	£ 80,460.73
e)	Date of the transaction	5 April 2022
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 grant of conditional share awards on 6 April 2022 under the Serco Group plc 2019 Deferred Bonus Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	208,766
d)	Aggregated information
	- Aggregated volume	208,766
	- Price	n/a
e)	Date of the transaction	6 April 2022
f)	Place of the transaction	n/a

 

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