Serco Group PLC

Director's Dealing • Jun 14, 2022

National Storage Mechanism | Additional information

RNS Number : 7883O

Serco Group PLC

14 June 2022

14 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')

Following the announcement released on 10 June 2022 concerning the vesting of conditional share awards ('CSAs') on 6 June 2022 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), Rupert Soames, Nigel Crossley, David Dacquino, Mark Irwin, Anthony Kirby and Kate Steadman sold sufficient Ordinary Shares to satisfy tax liabilities and associated dealing costs ('Costs') that arose upon vesting. David Eveleigh and Philip Malem chose to sell an additional number of the resulting shares in addition to those sold to cover Costs. A summary of the Ordinary Shares sold and retained in respect of the vesting CSAs is set out below.

Name of PDMR	Number of Ordinary Shares sold	Number of Ordinary Shares retained from vesting CSAs
Rupert Soames, Group Chief Executive Officer	574,897	626,185
Nigel Crossley, Group Chief Financial Officer	50,911	55,450
David Dacquino, Chairman and Chief Executive Officer, Serco Americas	114,628	264,858
David Eveleigh, Group General Counsel and Company Secretary	133,293	96,320
Mark Irwin, Chief Executive Officer, Serco UK and Europe	82,552	211,391
Anthony Kirby, Group Chief Operating Officer	104,830	114,181
Philip Malem, Chief Executive Officer, Serco Middle East	222,160	-
Kate Steadman, Group Strategy and Communications Director	62,086	67,623

The price for the disposal of the Ordinary Shares was £1.822879 per Share.

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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	574,897

d)

Aggregated information

- Aggregated volume

574,897

- Price

£1,047,967.67

e)

Date of the transaction

9 June 2022

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 ('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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	50,911

d)

Aggregated information

- Aggregated volume

50,911

- Price

£92,804.59

e)

Date of the transaction

9 June 2022

f)

Place of the transaction

London Stock Exchange (XLON)

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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	114,628

d)

Aggregated information

- Aggregated volume

114,628

- Price

£208,952.97

e)

Date of the transaction

9 June 2022

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 ('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 sale of Ordinary Shares following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	133,293

d)

Aggregated information

- Aggregated volume

133,293

- Price

£242,977.01

e)

Date of the transaction

9 June 2022

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

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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	82,552

d)

Aggregated information

- Aggregated volume

82,552

- Price

£150,482.31

e)

Date of the transaction

9 June 2022

f)

Place of the transaction

London Stock Exchange (XLON)

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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	104,830

d)

Aggregated information

- Aggregated volume

104,830

- Price

£191,092.41

e)

Date of the transaction

9 June 2022

f)

Place of the transaction

London Stock Exchange (XLON)

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 sale of Ordinary Shares following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	222,160

d)

Aggregated information

- Aggregated volume

222,160

- Price

£404,970.80

e)

Date of the transaction

9 June 2022

f)

Place of the transaction

London Stock Exchange (XLON)

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 automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 June 2022 under the Company's 2019 Long-Term Incentive Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£ 1.822879	62,086

d)

Aggregated information

- Aggregated volume

62,086

- Price

£113,175.27

e)

Date of the transaction

9 June 2022

f)

Place of the transaction

London Stock Exchange (XLON)

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