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Serco Group PLC (SRP)

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Tuesday 02 July, 2019

Serco Group PLC

Director/PDMR Shareholding

RNS Number : 2552E
Serco Group PLC
02 July 2019
 

 

2 July 2019

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 1 July 2019, pursuant to the earlier voluntary deferral of a proportion of their 2018 annual bonus and, in accordance with the rules of the Serco Group plc 2019 Deferred Bonus Plan ('the Plan'), ordinary shares of 2 pence each ('Investment Shares') were acquired on behalf of the following PDMRs. 

 

On 2 July 2019, following the acquisition of the Investment Shares, and in accordance with the rules of the Plan, the Company granted conditional share awards ('Matching Share Awards') to the PDMRs.

 

Details of each transaction are summarised in the table below.    

 

PDMR

Investment Shares

Purchased

Matching Share Awards granted

Kevin Craven,

CEO UK & Europe

28,848

109,628

David Eveleigh,

Group General Counsel & Company Secretary

18,166

69,034

Mark Irwin,

CEO AsPac

56,588

215,036

 

The Matching Share Awards have a normal vesting date of 3 May 2022 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

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

 

 

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.4375

28,848







d)

 

Aggregated information




- Aggregated volume

28,848



- Price

£41,469.00



e)

 

Date of the transaction

 

1 July 2019

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 on 2 July 2019 under the Serco Group plc 2019 Deferred Bonus Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




n/a

109,628







d)

 

Aggregated information




- Aggregated volume

109,628



- Price

n/a



e)

 

Date of the transaction

 

2 July 2019

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 & 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)




£1.4375

18,166







d)

 

Aggregated information




- Aggregated volume

18,166



- Price

£26,113.63



e)

 

Date of the transaction

 

1 July 2019

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 on 2 July 2019 under the Serco Group plc 2019 Deferred Bonus Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




n/a

69,034







d)

 

Aggregated information




- Aggregated volume

69,034



- Price

n/a



e)

 

Date of the transaction

 

2 July 2019

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

 

 

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




£1.4375

56,588







d)

 

Aggregated information




- Aggregated volume

56,588



- Price

£81,345.25



e)

 

Date of the transaction

 

1 July 2019

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 on 2 July 2019 under the Serco Group plc 2019 Deferred Bonus Plan.

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




n/a

215,036







d)

 

Aggregated information




- Aggregated volume

215,036



- Price

n/a



e)

 

Date of the transaction

 

2 July 2019

f)

 

Place of the transaction

n/a

 

 

 


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