Serco Group PLC Director/PDMR Shareholding (9453F)

TIDMSRP

RNS Number : 9453F

Serco Group PLC

23 May 2017

23 May 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, announces that a conditional share award over 47,770 ordinary shares of 2p each in the Company (ISIN: GB0007973794), granted to David Eveleigh on 29 May 2015, under the Serco Performance Share Plan (PSP), vested on 22 May 2017. The share award was awarded to David in connection with his appointment to the Company to compensate for non-performance share awards forfeited by his previous employer. The number of shares sold to meet associated tax and NIC liabilities arising on vesting and the number of vested shares retained is set out below:

 
 Name         Position              No. of    No. of shares      Share       No. of vested 
                                     shares       sold to         price      shares retained 
                                     vested       satisfy       of shares 
                                                associated        sold 
                                                  tax and          (p) 
                                               NIC liability 
-----------  --------------------  --------  ---------------  -----------  ----------------- 
              Group General 
 David         Counsel & 
  Eveleigh     Company Secretary    47,770        22,532         120.56          25,238 
-----------  --------------------  --------  ---------------  -----------  ----------------- 
 

The vesting of the above share award took place outside of a trading venue. The share sale transaction took place on the London Stock Exchange (XLON) on 22 May 2017.

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This information is provided by RNS

The company news service from the London Stock Exchange

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May 23, 2017 04:05 ET (08:05 GMT)