Serco Group PLC

Director's Dealing • Apr 11, 2017

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RNS Number : 2228C

Serco Group PLC

11 April 2017

11 April 2017

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

1.         Serco Group plc ('Serco' or 'the Company'), the international service company, announces that the individual Non-Executive Directors named below, each a PDMR, have notified the Company that they have purchased the following number of ordinary shares of 2p each in the Company (ISIN: GB0007973794):

Name	Position	Date of Notification	No of Shares	Share Price (p)	Aggregate Total (£)
John Rishton	Non-Executive Director	07 April 2017	43,086	115.1806p	£49,626.71
Sir Roy Gardner	Chairman	10 April 2017	30,000	117.0315p	£35,109.45

The above transactions took place on the London Stock Exchange (XLON) on 7 April 2017 in the case of John Rishton and on 10 April 2017 in the case of Sir Roy Gardner.

2.         The Company further announces that certain share options and share awards granted under the Serco Performance Share Plan (PSP) over ordinary shares of 2p each in Company  (ISIN: GB0007973794), vested on 10 April 2017.  The PSP share options and share awards were awarded to the individuals listed below upon appointment to the Company to compensate for non-performance share awards forfeited by their respective previous employers.  The number of shares sold to meet associated tax and NIC liabilities arising on vesting and the number of vested shares retained by each PDMR is set out below:

Name	Position	No of Shares vested	No of Shares sold to satisfy associated tax and NIC liability	Share Price of Shares  sold (p)	No. of vested shares retained
Rupert Soames	Group Chief Executive	58,9881	27,823	116.1p	31,165
Angus Cockburn	Group Chief Financial Officer	39,8492	18,796	116.1p	21,053
Kevin Craven	Divisional CEO, UK Central Government	25,5823	12,067	116.1p	13,515

1                      Number of shares under PSP share options granted to Rupert Soames on 27 June 2014.

2                      Number of shares under PSP share options granted to Angus Cockburn on 31 October 2014.

3                      Number of conditional shares awarded to Kevin Craven on 2 September 2014.

The vesting of the above share options and share award took place outside of a trading venue. The share sale transactions took place on the London Stock Exchange (XLON) on 10 April 2017 in the case of Rupert Soames and Angus Cockburn and on 11 April 2017 in the case of Kevin Craven.

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