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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.80 | 0.44% | 182.20 | 182.10 | 182.30 | 182.60 | 181.00 | 182.30 | 648,152 | 16:20:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
General Government, Nec | 4.87B | 202.4M | 0.1834 | 9.92 | 2.01B |
TIDMSRP
RNS Number : 7242B
Serco Group PLC
10 June 2019
10 June 2019
Serco Group plc (the "Company")
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS O PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
On 6 June 2019 the Company granted conditional share awards ("Performance Awards") to the following PDMRs under the Serco Group plc 2019 Long-Term Incentive Plan:
PDMR Number of Shares subject to the Performance Award Rupert Soames, Group Chief Executive 1,312,741 -------------------------- Angus Cockburn, Group Chief Financial Officer 689,189 -------------------------- David Eveleigh, Group General Counsel & Company Secretary 250,965 -------------------------- Mark Irwin, CEO AsPac 321,277 -------------------------- Kevin Craven, CEO UK & Europe 330,810 -------------------------- Philip Malem, CEO Middle East 242,820 -------------------------- David Dacquino, CEO Americas 414,774 -------------------------- Anthony Kirby, Group HR Director 239,382 -------------------------- Kate Steadman, Group Strategy & Communications Director 141,776 --------------------------
The Performance Awards have a normal vesting date of the third anniversary of grant and vesting is conditional on continued employment and the satisfaction of five independent performance measures as follows:
Performance Weighting Performance Target Measure EPS 28.33% Statutory Earnings Per Share (EPS) before exceptional items (adjusted to reflect tax paid on a cash basis) of 19.0p (threshold, 25% vesting) to 23.2p (maximum, 100% vesting), measured as an aggregate over the three-year performance period ending 31 December 2021. --------- --------------------------------------------------------------- TSR 28.33% Total Shareholder Return (TSR) of median (threshold, 25% vesting) to upper quartile (maximum, 100% vesting) when ranked relative to companies in the FTSE250 (excluding investment trusts), measured over the three-year performance period ending 31 December 2021. --------- --------------------------------------------------------------- ROIC 28.33% Pre-tax Return on Invested Capital (ROIC) of 15.6% (threshold, 25% vesting) to 19.0% (maximum, 100% vesting), measured as an average over the three-year performance period ending 31 December 2021. --------- --------------------------------------------------------------- Strategic objective - Order Book 7.50% Book-to-bill ratio of 100% (target, 50% vesting) to 105% (maximum, 100% vesting) measured as an average over the three-year performance period ending 31 December 2021. --------- --------------------------------------------------------------- Strategic objective - Employee Engagement 7.50% For the year ending 31 December 2021, achieve an engagement score of 67 points (target, 50% vesting) to 70 points (maximum, 100% vesting) in our annual employee engagement survey. --------- ---------------------------------------------------------------
The Remuneration Committee retains discretion to change performance measures and targets, and the weightings attached to performance measures part-way through the performance period if there is a significant event, such as a major transaction.
For Executive Directors, any shares that vest will be subject to a post-vesting holding requirement that takes the total term of the award to a minimum of five years. Post-vesting clawback also applies to the Executive Directors awards. Awards to all participants are subject to pre-vesting malus.
Transaction notification
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 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 1,312,741 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 1,312,741 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 689,189 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 689,189 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 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 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 250,965 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 250,965 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Mark Irwin --------------------------------------- ------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------------ a) Position/status CEO AsPac --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 321,277 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 321,277 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kevin Craven --------------------------------------- ------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------------ a) Position/status CEO UK & Europe --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 330,810 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 330,810 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Philip Malem --------------------------------------- ------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------------ a) Position/status CEO Middle East --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 242,820 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 242,820 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name David Dacquino --------------------------------------- ------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------------ a) Position/status CEO Americas --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 414,774 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 414,774 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Anthony Kirby --------------------------------------- ------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------------ a) Position/status Group HR Director --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s)
---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 239,382 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 239,382 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- ------------------------------------------------- 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kate Steadman --------------------------------------- ------------------------------------------------- 2 Reason for the notification ------------------------------------------------------------------------------------------ a) Position/status Group Strategy & Communications Director --------------------------------------- ------------------------------------------------- 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 Identification code ISIN: GB0007973794 b) Nature of the transaction The grant of conditional share awards on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan. --------------------------------------- ------------------------------------------------- c) Price(s) and volume(s) ---------------------- ---------------------- Price(s) Volume(s) ---------------------- ---------------------- n/a 141,776 ------------------------------------------------------------------- ---------------------- d) Aggregated information - Aggregated volume 141,776 - Price n/a e) Date of the transaction 6 June 2019 --------------------------------------- ------------------------------------------------- f) Place of the transaction n/a --------------------------------------- -------------------------------------------------
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END
DSHUROSRKOANAAR
(END) Dow Jones Newswires
June 10, 2019 10:35 ET (14:35 GMT)
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