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Serco Group PLC
Director's Dealing • Apr 13, 2023
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 1696W
Serco Group PLC
13 April 2023
13 April 2023
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 6 April 2023, conditional share awards ('Performance Awards') granted to PDMRs on 6 October 2020 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), vested. A summary of the Ordinary Shares acquired, sold, to satisfy tax liabilities and associated dealing costs ('Costs') and retained in respect of the vesting Performance Awards is set out below.
| Name of PDMR | Number of Ordinary Shares acquired | Number of Ordinary Shares sold | Number of Ordinary Shares retained from vesting Performance Awards | Number of Ordinary Shares transferred to spouse |
| Mark Irwin, Group Chief Executive Officer |
323,397 | 152,5321 | 170,865 | - |
| Nigel Crossley, Group Chief Financial Officer |
235,440 | 111,0471 | 124,393 | - |
| David Eveleigh, Group General Counsel & Company Secretary |
241,621 | 210,000 | - | 31,621 |
| Anthony Kirby, CEO UK & Europe |
290,691 | 137,1061 | 153,585 | - |
| Philip Malem, CEO Middle East |
236,311 | 236,311 | - | - |
| Kate Steadman, Group Strategy & Communications Director |
136,490 | 64,3771 | 72,113 | - |
| Tom Watson, CEO Americas |
86,428 | 26,1071 | 60,321 | - |
| Peter Welling CEO AsPac |
221,288 | - | 221,288 | - |
1. Sold to cover Costs
The price for the disposal of the Ordinary Shares was £1.522932 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.
Transaction notification
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Irwin
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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 323,397 |
d)
Aggregated information
- Aggregated volume
323,397
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 152,532 |
d)
Aggregated information
- Aggregated volume
152,532
- Price
£232,295.86
e)
Date of the transaction
11 April 2023
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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 235,440 |
d)
Aggregated information
- Aggregated volume
235,440
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 111,047 |
d)
Aggregated information
- Aggregated volume
111,047
- Price
£169,117.03
e)
Date of the transaction
11 April 2023
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 ('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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 241,621 |
d)
Aggregated information
- Aggregated volume
241,621
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 210,000 |
d)
Aggregated information
- Aggregated volume
210,000
- Price
£319,815.72
e)
Date of the transaction
11 April 2023
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 68,989 Ordinary Shares to Spouse for nil consideration.
No change in beneficial ownership.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £0.00 | 31,621 |
d)
Aggregated information
- Aggregated volume
31,621
- Price
£0.00
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
N/A
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Katharine Eveleigh | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | PCA of David Eveleigh (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 | Receipt of Ordinary Shares from spouse for nil consideration. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.00 | 31,621 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 31,621 | ||||
| - Price | £0.00 | ||||
| e) | Date of the transaction | 11 April 2023 | |||
| 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
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 ('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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 290,691 |
d)
Aggregated information
- Aggregated volume
290,691
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 137,106 |
d)
Aggregated information
- Aggregated volume
137,106
- Price
£208,803.11
e)
Date of the transaction
11 April 2023
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
CEO 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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 236,311 |
d)
Aggregated information
- Aggregated volume
236,311
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 236,311 |
d)
Aggregated information
- Aggregated volume
236,311
- Price
£359,885.58
e)
Date of the transaction
11 April 2023
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 & 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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 136,490 |
d)
Aggregated information
- Aggregated volume
136,490
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 64,377 |
d)
Aggregated information
- Aggregated volume
64,377
- Price
£98,041.79
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Tom Watson
2
Reason for the notification
a)
Position/status
CEO 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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 86,428 |
d)
Aggregated information
- Aggregated volume
86,428
- Price
N/A
e)
Date of the transaction
6 April 2023
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 vesting of conditional share awards over Ordinary Shares on 6 April 2023 under the Company's 2019 Long-Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| £1.522932 | 26,107 |
d)
Aggregated information
- Aggregated volume
26,107
- Price
£39,759.19
e)
Date of the transaction
11 April 2023
f)
Place of the transaction
London Stock Exchange (XLON)
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Peter Welling
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 ('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 October 2020 under the Company's 2019 Long Term Incentive Plan.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| N/A | 221,288 |
d)
Aggregated information
- Aggregated volume
221,288
- Price
N/A
e)
Date of the transaction
6 April 2023
f)
Place of the transaction
N/A
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