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: [phone] or email: [e-mail]

Marcus De Ville, Head of Media Relations; tel [phone] or email: [e-mail]

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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