Director's Dealing • May 31, 2018
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 9084P
Serco Group PLC
31 May 2018
31 May 2018
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
Serco Group plc ('Serco' or 'the Company'), the international service company, confirms the vesting of Deferred Bonus Matching Share Awards granted in 2015 ('the Awards') to Rupert Soames and David Eveleigh in the form of Conditional Share Awards under the 2009 Serco Deferred Bonus Plan ('DBP').
The performance measure and vesting details are as follows:
| Measure | Performance period | Weighting | Outcome | % of the award vesting |
| Aggregate EPS | 1 January 2015 - 31 December 2017 | 100% | Aggregate EPS exceeded the 12.5p required for full vesting | 100% |
The notifications that follow reflect the changes in the interests of the PDMR in ordinary shares arising from the vesting of the Awards and the sale of ordinary shares to meet tax liabilities.
The closing price of an ordinary share of Serco Group plc at the point of vesting on 29 May 2018 was £0.9670.
| 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 number of Ordinary Shares released on the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| N/A | 658,288 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 658,288 | ||||
| - Price | £0.02 | ||||
| e) | Date of the transaction | 29 May 2018 | |||
| 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 | |||
| 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 number of Ordinary Shares released on the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| N/A | 18,840 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 18,840 | ||||
| - Price | £0.02 | ||||
| e) | Date of the transaction | 29 May 2018 | |||
| f) | Place of the transaction | N/A |
| 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 sale of Ordinary Shares to meet tax liabilities following the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.9670 | 310,484 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 310,484 | ||||
| - Price | £300,238.03 | ||||
| e) | Date of the transaction | 29 May 2018 | |||
| 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 sale of Ordinary Shares to meet tax liabilities following the vesting of the conditional share awards granted on 29 May 2015 under the Company's 2009 Deferred Bonus Plan. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.9670 | 8,886 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 8,886 | ||||
| - Price | £8,592.76 | ||||
| e) | Date of the transaction | 29 May 2018 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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