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Serco Group PLC
Remuneration Information • Sep 7, 2023
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 7667L
Serco Group PLC
07 September 2023
Serco Group plc (the 'Company')
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs')
The Company notifies the following changes in the interests in the ordinary shares of 2p each (Shares) of PDMRs, arising from awards granted under the Serco Group plc 2019 Long-Term Incentive Plan (Share Awards) on 6 September 2023 at a price of £1.5212 per Share, being the average closing price of the Shares over the five Dealing Days prior to the date of grant.
| PDMR | Number of Share Awards Granted |
| Gillian Duggan1 | 488,099 |
| Ruth McGowan2 | 187,352 |
216,9331 and 187,3522 respectively, are subject to performance conditions (Aggregate Earnings per Share (25%); Relative Total Shareholder Return (25%); Average Return on Invested Capital (25%); Environmental, Social and Governance Scorecard (15%); and Order Book (10%)) that will be measured over a period of three years.
Malus and clawback provisions apply to the Share Awards.
This announcement is made in accordance with the requirements of the UK version of the Market Abuse Regulation 596/2014.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name of natural person | Gillian Duggan | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group Chief People and Culture 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) | Legal Entity Identifier code | 549300PT2CIHYN5GWJ21 | ||||
| 4 | Details of the transaction(s) summary table | |||||
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | ||
| 6 September 2023 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | ||
| Nature of Transaction | Price | Volume | Total | |||
| Grant of Share Awards | £1.5212 | 488,099 | £742,496.20 | |||
| Aggregated | £1.5212 | 488,099 | £742,496.20 | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name of natural person | Ruth McGowan | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Group Chief Strategy and Growth 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) | Legal Entity Identifier code | 549300PT2CIHYN5GWJ21 | ||||
| 4 | Details of the transaction(s) summary table | |||||
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | ||
| 6 September 2023 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | ||
| Nature of Transaction | Price | Volume | Total | |||
| Grant of Share Awards | £1.5212 | 187,352 | £284,999.86 | |||
| Aggregated | £1.5212 | 187,352 | £284,999.86 | |||
David Eveleigh
Group General Counsel and Company Secretary
7 September 2023
For further information please contact:
Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: [email protected]
Marcus De Ville, Head of Media Relations; tel +44 (0) 7738 898 550 or email: [email protected]
About Serco
Serco is an impact partner to the world's leading governments. We gain scale, expertise and deliver measurable positive impact 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
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