Serco Group PLC

Director's Dealing • Apr 15, 2020

National Storage Mechanism | Additional information

RNS Number : 7867J

Serco Group PLC

15 April 2020

15 April 2020

Serco Group plc

Legal Entity Identifier: 549300PT2CIHYN5GWJ21

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')

On 9 April 2020, the following PDMRs exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan and, on the same date, sold Ordinary Shares to satisfy tax liabilities and dealing costs.

A summary of the Ordinary Shares acquired, sold and retained in respect of each PDMR is set out below.

Name of PDMR	Grant date of award	Vest date of award	Number of options exercised	Shares sold to cover costs	Share price (GBP)	Number of shares retained
Rupert Soames, Group Chief Executive	6 April 2017	6 April 2020	1,002,949	481,357	1.2832	521,592
Angus Cockburn, Group Chief Financial Officer	6 April 2017	6 April 2020	516,224	252,858	1.2832	263,366

This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

The notification of dealing forms for this transaction can be found below.

Transaction notification

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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2017 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	1,002,949

d)

Aggregated information

- Aggregated volume

1,002,949

- Price

£20,059

e)

Date of the transaction

9 April 2020

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 9 April 2020 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.2832	481,357

d)

Aggregated information

- Aggregated volume

481,357

- Price

£617,677

e)

Date of the transaction

9 April 2020

f)

Place of the transaction

London Stock Exchange (XLON)

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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2017 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	516,224

d)

Aggregated information

- Aggregated volume

516,224

- Price

£10,324

e)

Date of the transaction

9 April 2020

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 9 April 2020 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.2832	252,858

d)

Aggregated information

- Aggregated volume

252,858

- Price

£324,467

e)

Date of the transaction

9 April 2020

f)

Place of the transaction

London Stock Exchange (XLON)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHUVUVRRRUSAAR