Serco Group PLC

Director's Dealing • Jun 9, 2022

National Storage Mechanism | Additional information

RNS Number : 3399O

Serco Group PLC

09 June 2022

9 June 2022

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')

Conditional share awards ('CSAs') granted to Rupert Soames, Nigel Crossley, Anthony Kirby, Mark Irwin, David Dacquino, Peter Welling, Philip Malem, David Eveleigh and Kate Steadman on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), vested on 6 June 2022.  A summary of the Ordinary Shares acquired from the vesting awards is set out below.

Name of PDMR	Grant date of award	Vest date of award	Number of Ordinary Shares acquired
Rupert Soames, Group Chief Executive Officer	6 June 2019	6 June 2022	1,201,082
Nigel Crossley, Group Chief Financial Officer	6 June 2019	6 June 2022	106,361
Anthony Kirby, Group Chief Operating Officer	6 June 2019	6 June 2022	219,011
Mark Irwin, Chief Executive Officer, Serco UK and Europe	6 June 2019	6 June 2022	293,943
David Dacquino, Chairman and Chief Executive Officer, Serco Americas	6 June 2019	6 June 2022	379,486
Peter Welling, Chief Executive Officer, Serco Asia Pacific	6 June 2019	6 June 2022	56,682
Philip Malem, Chief Executive Officer, Serco Middle East	6 June 2019	6 June 2022	222,160
David Eveleigh, Group General Counsel and Company Secretary	6 June 2019	6 June 2022	229,613
Kate Steadman, Group Strategy and Communications Director	6 June 2019	6 June 2022	129,709

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.

For further information please contact:

Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com

Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email: marcus.deville@serco.com

About Serco

Serco is a leading provider of public services. Our customers are governments or others operating in the public sector.  We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com.

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 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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	1,201,082

d)

Aggregated information

- Aggregated volume

1,201,082

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	106,361

d)

Aggregated information

- Aggregated volume

106,361

- Price

N/A

e)

Date of the transaction

6 June 2022

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	219,011

d)

Aggregated information

- Aggregated volume

219,011

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Irwin

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Serco 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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	293,943

d)

Aggregated information

- Aggregated volume

293,943

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Dacquino

2

Reason for the notification

a)

Position/status

Chairman and Chief Executive Officer, Serco Americas

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	379,486

d)

Aggregated information

- Aggregated volume

379,486

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Welling

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Serco Asia Pacific

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	56,682

d)

Aggregated information

- Aggregated volume

56,682

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Malem

2

Reason for the notification

a)

Position/status

Chief Executive Officer, Serco Middle East

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	222,160

d)

Aggregated information

- Aggregated volume

222,160

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	229,613

d)

Aggregated information

- Aggregated volume

229,613

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kate Steadman

2

Reason for the notification

a)

Position/status

Group Strategy and Communications Director

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 ('the Company')

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 vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
N/A	129,709

d)

Aggregated information

- Aggregated volume

129,709

- Price

N/A

e)

Date of the transaction

6 June 2022

f)

Place of the transaction

N/A

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