Director/PDMR Shareholding

RNS Number : 0189W

Serco Group PLC

12 April 2023

 

12 April 2023

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 2023, pursuant to the participation in the 2023 deferred bonus plan and in connection with the earlier voluntary deferral of a proportion of their 2022 annual bonus, o rdinary shares of 2 pence each ('Investment Shares') were acquired on behalf of the PDMRs. 

On 6 April 2023, following the acquisition of the Investment Shares and in accordance with the 2023 deferred bonus plan, the Company granted conditional share awards ('Matching Awards') to the PDMRs.

Details of each transaction are summarised in the table below.  

PDMR	Investment Shares Purchased	Shares under Matching Awards granted
David Eveleigh, Group General Counsel & Company Secretary	50,172	190,658
Mark Irwin, Group CEO	75,747	287,844
Anthony Kirby, Group Chief Operating Officer	43,461	165,154
Kate Steadman, Group Strategy and Communications Director	30,799	117,040

The Matching Awards have a normal vesting date of 6 April 2026 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)
			£1.538575	50,172
d)	Aggregated information
	- Aggregated volume	50,172
	- Price	£ 77,193.38
e)	Date of the transaction	5 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 grant of conditional share awards.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	190,658
d)	Aggregated information
	- Aggregated volume	190,658
	- Price	n/a
e)	Date of the transaction	6 April 2023
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	Group 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)	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)
			£1.538575	75,747
d)	Aggregated information
	- Aggregated volume	75,747
	- Price	£ 116,542.44
e)	Date of the transaction	5 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 grant of conditional share awards .
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	287,844
d)	Aggregated information
	- Aggregated volume	287,844
	- Price	n/a
e)	Date of the transaction	6 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, Serco 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
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)
			£1.538575	43,461
d)	Aggregated information
	- Aggregated volume	43,461
	- Price	£ 66,868.01
e)	Date of the transaction	5 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 grant of conditional share awards.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	165,154
d)	Aggregated information
	- Aggregated volume	165,154
	- Price	n/a
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	n/a

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
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)
			£1.538575	30,799
d)	Aggregated information
	- Aggregated volume	30,799
	- Price	£ 47,386.57
e)	Date of the transaction	5 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 grant of conditional share awards.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	117,040
d)	Aggregated information
	- Aggregated volume	117,040
	- Price	n/a
e)	Date of the transaction	6 April 2023
f)	Place of the transaction	n/a

 

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