Serco Group PLC

Remuneration Information • Apr 29, 2020

National Storage Mechanism | Additional information

RNS Number : 3218L

Serco Group PLC

29 April 2020

29 April 2020

Serco Group plc ('Serco' or 'the Company')

Legal Entity Identifier: 549300PT2CIHYN5GWJ21

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

On 28 April 2020, the Company granted conditional share awards over Ordinary Shares ("Awards") to PDMRs under the Serco 2018 Equity Settled Bonus Plan ('ESBP').

The ESBP Awards were granted in connection with the compulsory deferral into shares of part of the Executive Directors' 2019 annual bonus in line with the Company's approved Directors' Remuneration Policy and have a normal vesting date of the third anniversary of grant.  As communicated in the Trading Update released on 2 April 2020, payment of the cash element of the Executive Directors' 2019 bonus has been deferred.

PDMR	Number of Shares subject to the Award
Rupert Soames, Group Chief Executive	424,145
Angus Cockburn, Group Chief Financial Officer	175,724

This announcement is made in accordance with the requirements of the EU Market Abuse Regulation 596/2014.   The notification of dealing forms 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 grant of a conditional share award over Ordinary Shares under the Company's 2018 Equity Settled Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	424,145
d)	Aggregated information
- Aggregated volume	424,145
- Price	N/A
e)	Date of the transaction	28 April 2020
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 grant of a conditional share award over Ordinary Shares under the Company's 2018 Equity Settled Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	175,724
d)	Aggregated information
- Aggregated volume	175,724
- Price	N/A
e)	Date of the transaction	28 April 2020
f)	Place of the transaction	N/A

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