Director/PDMR Shareholding

RNS Number : 9080P

Serco Group PLC

31 May 2018

 

31 May 2018

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

Serco Group plc ('Serco' or 'the Company'), the international service company, confirms the vesting of awards granted in 2015 to Rupert Soames, Angus Cockburn, David Eveleigh, Guy Leach, Kevin Craven, Mark Irwin and David Greer in the form of Nominal Cost Options ('the Awards') under the 2009 Serco Performance Share Plan ('PSP'). 

The performance measures and vesting details are as follows:

Measure	Performance period	Weighting	Outcome	% of the award vesting
Aggregate EPS	1 January 2015 - 31 December 2017	1/3rd	Aggregate EPS exceeded the 12.5p required for full vesting	100%
Average ROIC	1 January 2015 - 31 December 2017	1/3rd	Averaged ROIC exceeded the 10.2% required for full vesting	100%
Relative TSR	17 April 2015 - 24 March 2018	1/3rd	The Company's TSR performance over the period when compared to the TSR performance of companies in the comparator group was below the median level needed for vesting	0%
Total vesting in 2018 for the 2015 PSP Awards				66.67%
Lapsed				33.33%

As a result of the lapse of the TSR tranche of the 2015 PSP Awards vesting on 29 May 2018, the above named individuals are not eligible to receive ordinary shares pursuant to this tranche of the Award.

The notifications that follow are for Awards made to PDMRs and show the vesting of the Awards.

The closing price of an ordinary share of Serco Group plc at the point of vesting on 29 May 2018 was £0.9670.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Rupert Soames
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)	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 number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	827,855
d)	Aggregated information
	- Aggregated volume	827,855
	- Price	£16,557.10
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Angus Cockburn
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)	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 number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	426,101
d)	Aggregated information
	- Aggregated volume	426,101
	- Price	£8,522.02
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

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 and 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	The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	132,943
d)	Aggregated information
	- Aggregated volume	132,943
	- Price	£2,658.86
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Guy Leach
2	Reason for the notification
a)	Position/status	Risk & Acquisitions 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	The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	140,321
d)	Aggregated information
	- Aggregated volume	140,321
	- Price	£2,806.42
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

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 & 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	The number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	191,819
d)	Aggregated information
	- Aggregated volume	191,819
	- Price	£3,836.38
e)	Date of the transaction	29 May 2018
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 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
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 number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	151,779
d)	Aggregated information
	- Aggregated volume	151,779
	- Price	£3,035.58
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Greer
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
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 number of Ordinary Shares released on Awards granted on 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.02	128,310
d)	Aggregated information
	- Aggregated volume	128,310
	- Price	£2,566.20
e)	Date of the transaction	29 May 2018
f)	Place of the transaction	N/A

 

END

 

 

DSHUAUVRWWAVOAR