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Serco Group PLC
Director's Dealing • Jul 2, 2021
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 9328D
Serco Group PLC
02 July 2021
2 July 2021
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 1 July 2021 and 30 June 2021 respectively, Rupert Soames and Nigel Crossley 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.
On 30 June 2021, David Eveleigh and Anthony Kirby exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan and, on the same date sold Ordinary Shares, retaining a balance of 40,311 and 129,211 Ordinary Shares respectively from the exercise as set out below. David Eveleigh's remaining balance of 40,311 shares was transferred to his spouse for nil consideration.
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 Ordinary Shares acquired | Ordinary Shares sold | Share price (GBP) | Number of Ordinary Shares retained |
| Rupert Soames, Group Chief Executive | 25 June 2018 | 25 June 2021 | 1,760,471 | 843,850 | 1.385 | 916,621 |
| Nigel Crossley, Group Chief Financial Officer | 25 June 2018 | 25 June 2021 | 152,100 | 72,930 | 1.3572 | 79,170 |
| 6 April 2017 | 6 April 2020 | 86,654 | 41,550 | 1.3572 | 45,104 | |
| 6 April 2016 | 6 April 20219 | 119,436 | 57,269 | 1.3572 | 62,167 | |
| 29 May 2015 | 29 May 2018 | 70,124 | 33,624 | 1.3572 | 36,500 | |
| David Eveleigh, Group General Counsel & Company Secretary |
25 June 2018 | 25 June 2021 | 300,311 | 260,000 | 1.3572 | 40,311 (transferred to spouse) |
| Anthony Kirby, Group Chief Operating Officer | 25 June 2018 | 25 June 2021 | 546,482 | 417,271 | 1.3572 | 129,211 |
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 25 June 2018 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.02 | 1,760,471 |
d)
Aggregated information
- Aggregated volume
1,760,471
- Price
£35,209.42
e)
Date of the transaction
1 July 2021
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 1 July 2021 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.385 | 843,850 |
d)
Aggregated information
- Aggregated volume
843,850
- Price
£1,168,732.25
e)
Date of the transaction
1 July 2021
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nigel Crossley
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 29 May 2015, 6 April 2016, 6 April 2017 and 25 June 2018 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.02 | 70,124 |
| £0.02 | 119,436 |
| £0.02 | 86,654 |
| £0.02 | 152,100 |
d)
Aggregated information
- Aggregated volume
428,314
- Price
£8,566.28
e)
Date of the transaction
30 June 2021
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 30 June 2021 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.3572 | 33,624 |
| £1.3572 | 57,269 |
| £1.3572 | 41,550 |
| £1.3572 | 72,930 |
d)
Aggregated information
- Aggregated volume
205,373
- Price
£278,732.24
e)
Date of the transaction
30 June 2021
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 & 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 exercise of nominal-cost options over Ordinary Shares granted on 25 June 2018 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.02 | 300,311 |
d)
Aggregated information
- Aggregated volume
300,311
- Price
£6,006.22
e)
Date of the transaction
30 June 2021
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 following the exercise of nominal-cost options over Ordinary Shares on 30 June 2021 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £ 1.3572 | 260,000 |
d)
Aggregated information
- Aggregated volume
260,000
- Price
£ 352,872.00
e)
Date of the transaction
30 June 2021
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 transfer of 40,311 Ordinary Shares to Spouse for nil consideration.
No change in beneficial ownership
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £ 0.00 | 40,311 |
d)
Aggregated information
- Aggregated volume
40,311
- Price
£ 0.00
e)
Date of the transaction
30 June 2021
f)
Place of the transaction
N/A
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Anthony Kirby
2
Reason for the notification
a)
Position/status
Group Chief Operating 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 25 June 2018 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.02 | 248,241 |
| £0.02 | 298,241 |
d)
Aggregated information
- Aggregated volume
546,482
- Price
£10,929.64
e)
Date of the transaction
30 June 2021
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 following the exercise of nominal-cost options over Ordinary Shares on 30 June 2021 under the Company's 2009 Performance Share Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.3572 | 119,030 |
| £1.3572 | 298,241 |
d)
Aggregated information
- Aggregated volume
417,271
- Price
£566,320.20
e)
Date of the transaction
30 June 2021
f)
Place of the transaction
London Stock Exchange (XLON)
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