Serco Group PLC

Director's Dealing • May 14, 2020

National Storage Mechanism | Additional information

RNS Number : 9481M

Serco Group PLC

14 May 2020

14 May 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 11 May 2020, conditional share awards ('CSAs') granted on 9 May 2017 under the 2009 Serco Deferred Bonus Plan ('DBP') vested to the following PDMRs.  In connection with the vest, Ordinary Shares were sold to satisfy tax liabilities and dealing costs.  A summary of the Ordinary Shares acquired, sold and retained is set out below. provided below.

PDMR	Number of CSAs vesting	Number of Ordinary Shares sold	Number of Ordinary Shares retained
Rupert Soames, Group Chief Executive	873,926	412,189	461,737
Angus Cockburn, Group Chief Financial Officer	441,470	212,651	228,819
Kevin Craven, CEO, UK & Europe	212,874	100,403	112,471
David Eveleigh, Group General Counsel and Company Secretary	63,218	29,818	33,400
Mark Irwin, CEO, ASPAC	281,092	Nil	281,092

The price for the disposal of the Shares was £1.3076 per Share.

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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	873,926
d)	Aggregated information
- Aggregated volume	873,926
- Price	N/A
e)	Date of the transaction	11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£1.3076	412,189
d)	Aggregated information
- Aggregated volume	412,189
- Price	£ 538,978
e)	Date of the transaction	11 May 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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	441,470
d)	Aggregated information
- Aggregated volume	441,470
- Price	N/A
e)	Date of the transaction	11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£1.3076	212,651
d)	Aggregated information
- Aggregated volume	212,651
- Price	£ 278,062
e)	Date of the transaction	11 May 2020
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 & 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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	212,874
d)	Aggregated information
- Aggregated volume	212,874
- Price	N/A
e)	Date of the transaction	11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£1.3076	100,403
d)	Aggregated information
- Aggregated volume	100,403
- Price	£131,287
e)	Date of the transaction	11 May 2020
f)	Place of the transaction	London Stock Exchange (XLON)

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 and 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	The acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	63,218
d)	Aggregated information
- Aggregated volume	63,218
- Price	N/A
e)	Date of the transaction	11 May 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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		£1.3076	29,818
d)	Aggregated information
- Aggregated volume	29,818
- Price	£38,990
e)	Date of the transaction	11 May 2020
f)	Place of the transaction	London Stock Exchange (XLON)

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 acquisition of Ordinary Shares pursuant to the vesting of conditional share awards granted on 9 May 2017 under the Company's 2009 Deferred Bonus Plan.
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		N/A	281,092
d)	Aggregated information
- Aggregated volume	281,092
- Price	N/A
e)	Date of the transaction	11 May 2020
f)	Place of the transaction	N/A

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