Serco Group PLC

Director's Dealing • Jun 20, 2019

National Storage Mechanism | Additional information

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RNS Number : 9402C

Serco Group PLC

20 June 2019

20 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 17 June 2019, Kevin Craven exercised 268,067 nominal-cost options, granted under the 2009 Serco Performance Share Plan.  128,517 Ordinary Shares of 2 pence each ('Ordinary Shares') were sold at 137 pence per Ordinary Share to satisfy tax liabilities and dealing costs. Immediately following the exercise, the remaining balance of 139,550 Ordinary Shares were transferred to his spouse for nil consideration.

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
Kevin Craven	2 September 2014	2 September 2017	76,248	36,878	137 pence	39,370
29 May 2015	29 May 2018	191,819	91,639	137 pence	100,180

The notification of dealing forms can be found below.

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 and 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 exercise of nominal-cost options over Ordinary Shares granted on 2 September 2014 and 29 May 2015 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.02	76,248
		£0.02	191,819
d)	Aggregated information
- Aggregated volume	268,067
- Price	£5,361.34
e)	Date of the transaction	17 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 6 June 2019 under the Company's 2009 Performance Share Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£1.37	36,878
		£1.37	91,639
d)	Aggregated information
- Aggregated volume	128,517
- Price	£176,068.29
e)	Date of the transaction	17 June 2019
f)	Place of the transaction	London Stock Exchange (XLON)
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 and 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 transfer of 139,550 Ordinary Shares to Spouse for nil consideration. No change in beneficial ownership.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.00	139,550
d)	Aggregated information
	n/a (single transaction)
- Aggregated volume
- Price
e)	Date of the transaction	17 June 2019
f)	Place of the transaction	n/a
1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Amber Jane Craven
2	Reason for the notification
a)	Position/status	PCA of Kevin Craven (CEO, UK and 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	Receipt of Ordinary Shares from spouse for nil consideration.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£0.00	139,550
d)	Aggregated information
	n/a (single transaction)
- Aggregated volume
- Price
e)	Date of the transaction	17 June 2019
f)	Place of the transaction	n/a

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