Director/PDMR Shareholding

RNS Number : 6664S
Serco Group PLC
07 November 2019
 

7 November 2019

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

 

On 4 November 2019, Kevin Craven exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan.  In connection with the exercise, Ordinary Shares of 2 pence each ('Ordinary Shares') were sold to satisfy tax liabilities and dealing costs. A summary of the Ordinary Shares acquired, sold and retained is set out below.

 

Name of PDMR

Grant date of award

Vest date of award

Number of options exercised

Ordinary Shares sold to cover costs

Share price

Number of Ordinary Shares retained

Kevin Craven,

CEO UK and Europe

6 April 2016

8 April 2019

326,711

156,314

156.6 pence

170,397

 

The notification of dealing forms for these transactions can be found below.

 

Transaction notification

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Kevin Craven

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 ('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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£0.02

326,711

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

326,711

 

 

- Price

£6,534.22

 

 

e)

 

Date of the transaction

 

4 November 2019

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 to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 4 November 2019 under the Company's 2009 Performance Share Plan.

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£1.566

156,314

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

156,314

 

 

- Price

£ 244,787.72

 

 

e)

 

Date of the transaction

 

4 November 2019

f)

 

Place of the transaction

London Stock Exchange (XLON)

 


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Serco Group (SRP)
UK 100

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