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Serco Group PLC (SRP)

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Wednesday 26 June, 2019

Serco Group PLC

Director/PDMR Shareholding

RNS Number : 4883D
Serco Group PLC
26 June 2019
 

 

26 June 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 24 June 2019, Mark Irwin exercised 275,605 nominal-cost options, granted under the 2009 Serco Performance Share Plan on 6 April 2016.  200,000 Ordinary Shares of 2 pence each ('Ordinary Shares') were sold at 138 pence per Ordinary Share to satisfy tax liabilities and dealing costs. The remaining balance of 75,605 Ordinary Shares were retained.

 

Name of PDMR

Grant date of award

Vest date of award

Number of shares exercised

Number of shares sold

Share price

Number of shares retained

Mark Irwin, CEO ASPAC

6 April 2016

8 April 2019

275,605

200,000

138 pence

75,605

 

The notification of dealing forms can be found below.

 

Transaction notification

 

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 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

275,605

d)

 

Aggregated information




- Aggregated volume

275,605



- Price

£5,512,10



e)

 

Date of the transaction

 

24 June 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 24 June 2019 under the Company's 2009 Performance Share Plan.

 

c)

 

Price(s) and volume(s)

Price(s)

Volume(s)

£1.38

200,000

d)

 

Aggregated information




- Aggregated volume

200,000



- Price

£276,000



e)

 

Date of the transaction

 

24 June 2019

f)

 

Place of the transaction

London Stock Exchange (XLON)

 


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