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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Serco Group Plc | LSE:SRP | London | Ordinary Share | GB0007973794 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.10 | 0.61% | 182.40 | 182.40 | 182.70 | 183.40 | 181.70 | 182.80 | 1,744,325 | 16:29:59 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
General Government, Nec | 4.87B | 202.4M | 0.1834 | 9.95 | 2.01B |
TIDMSRP
RNS Number : 4564V
Serco Group PLC
02 November 2017
1 November 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
Serco Group plc ('Serco' or 'the Company'), the international service company, confirms the vesting details of awards granted in 2014 to Angus Cockburn in the form of Nominal Cost Options under the 2009 Serco Performance Share Plan ('PSP') ('the Performance Award') and awards granted in connection with his appointment to the Company to compensate for performance share awards forfeited on joining Serco ('the Recruitment Award') (together, 'the Awards'). The performance period for the Awards commenced on 1 January 2014 for the EPS performance condition, 31 October 2014 for the Strategic Objectives performance condition and 27 June 2014 for all other performance conditions.
The performance measure vesting details are as follows:
-- For the Performance Award: Proportion of the Measure Outcome Overall outcome Award ------------------- --------------------------- ------------------ ---------------- Relative TSR - for the period ending 22 February 2017 the Company's TSR ranked below 1/3(rd) median. Lapsed in full 0% ------------------- --------------------------- ------------------ ---------------- 2016 EPS - the Company did not meet the threshold level of performance for EPS for the period ending 31 1/6(th) December 2016. Lapsed in full 0% ------------------- --------------------------- ------------------ ---------------- Total vesting in 2017 for 2014 Performance Award 0% Lapsed 50% Still to vest 50% ----------------------------------------------- ----------------
As a result of the lapse of the Performance Award vesting on 31 October 2017, Angus Cockburn is not eligible to receive Shares pursuant to these Awards.
-- In respect of the Recruitment Award: Proportion of the Measure Outcome Overall outcome Award ------------------ -------------------------- ----------------- ---------------- Relative TSR - for the period ending 22 February 2017 the Company's TSR ranked below 40% median. Lapsed in full 0% ------------------ -------------------------- ----------------- ---------------- Strategic Objectives - the Remuneration Committee determined that the Strategic Objectives had 20% been achieved. Vested in full 20% ------------------ -------------------------- ----------------- ---------------- Total vesting in 2017 for 2014 Recruitment Award 20% Lapsed 40% Still to vest 40% ------------------ --------------------------------------------- ----------------
The closing price of an Ordinary Share of Serco Group plc at the point of vesting on 31 October 2017 was GBP1.166.
The notifications that follow are for Awards made to Persons Discharging Managerial Responsibilities ('PDMRs') and show the vesting of the Awards.
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 Initial notification /Amendment ---- --------------------------------------- ------------------------------------------------- 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 Ordinary shares of 2 pence each ('Ordinary financial instrument, Shares') type of instrument ISIN: GB0007973794 ---- Identification code b) Nature of the transaction The number of Ordinary Shares released on Recruitment Awards granted in 2014 under the Company's 2009 Performance Share Plan ---- --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---- ---------------------- ---------------------- Price(s) Volume(s) ---- ---------------------- ---------------------- GBP0.02 56,356 ------------------------------------------------------------------- ---------------------- d) Aggregated information ---- - Aggregated volume 56,356 - Price GBP0.02 e) Date of the transaction 31/10/2017 ---- --------------------------------------- ------------------------------------------------- f) Place of the transaction London Stock Exchange (XLON) ---- --------------------------------------- -------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 02, 2017 13:49 ET (17:49 GMT)
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