Serco Group PLC

Director's Dealing • Aug 8, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 4476I

Serco Group PLC

08 August 2019

8 August 2019

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

On 7 August 2019, Sir Roy Gardner, Chairman of Serco Group plc, purchased 50,000 Ordinary Shares of 2 pence each ('Ordinary Shares') at a price of £1.396 per share.

In addition, on 7 August 2019, the following PDMRs exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan.  In connection with the exercise, Ordinary Shares were sold to satisfy tax liabilities and dealing costs.

A summary of the Ordinary Shares acquired, sold and retained in respect of each PDMR is set out below.

Name of PDMR	Grant date of award	Vest date of award	Number of shares exercised	Shares sold to cover costs	Share price	Number of shares retained
Rupert Soames, Group Chief Executive	6 April 2016	8 April 2019	1,410,028	675,809	139.3 pence	734,219
Angus Cockburn, Group Chief Financial Officer	6 April 2016	8 April 2019	725,749	355,021	139.3 pence	370,728
David Eveleigh, Group General Counsel & Company Secretary	29 May 2015	29 May 2018	132,943	63,717	139.4 pence	69,226
6 April 2016	8 April 2019	226,433	108,526	139.4 pence	117,907

The notification of dealing forms for these transactions can be found below.

Transaction notification

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sir Roy Gardner

2

Reason for the notification

a)

Position/status

Chairman

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 purchase of Ordinary Shares.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.396	50,000

d)

Aggregated information

- Aggregated volume

50,000

- Price

£69,800

e)

Date of the transaction

7 August 2019

f)

Place of the transaction

London Stock Exchange (XLON)

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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	1,410,028

d)

Aggregated information

- Aggregated volume

1,410,028

- Price

£28,200.56

e)

Date of the transaction

7 August 2019

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 to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.393	675,809

d)

Aggregated information

- Aggregated volume

675,809

- Price

£941,464.79

e)

Date of the transaction

7 August 2019

f)

Place of the transaction

London Stock Exchange (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Angus Cockburn

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

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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2016 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	725,749

d)

Aggregated information

- Aggregated volume

725,749

- Price

£14,514.98

e)

Date of the transaction

7 August 2019

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 to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.393	355,021

d)

Aggregated information

- Aggregated volume

355,021

- Price

£494,577.27

e)

Date of the transaction

7 August 2019

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

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 exercise of nominal-cost options over Ordinary Shares granted on 29 May 2015 and 6 April 2016 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.02	132,943
£0.02	226,433

d)

Aggregated information

- Aggregated volume

359,376

- Price

£7,187.52

e)

Date of the transaction

7 August 2019

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 to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£1.394	172,243

d)

Aggregated information

- Aggregated volume

172,243

- Price

£240,106.74

e)

Date of the transaction

7 August 2019

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 rns@lseg.com or visit www.rns.com.

END

DSHUWAORKRAWRAR