Serco Group PLC Director/PDMR Shareholding (6664S)

TIDMSRP

RNS Number : 6664S

Serco Group PLC

07 November 2019

7 November 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 4 November 2019, Kevin Craven exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan. In connection with the exercise, Ordinary Shares of 2 pence each ('Ordinary Shares') were sold to satisfy tax liabilities and dealing costs. A summary of the Ordinary Shares acquired, sold and retained is set out below.

 
 Name of          Grant date    Vest date    Number of    Ordinary       Share price   Number of 
  PDMR             of award      of award     options      Shares sold                  Ordinary 
                                              exercised    to cover                     Shares retained 
                                                           costs 
 Kevin Craven, 
  CEO UK and        6 April      8 April 
  Europe              2016         2019         326,711        156,314   156.6 pence            170,397 
                 ------------  -----------  -----------  -------------  ------------  ----------------- 
 

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                            Kevin Craven 
      ------------------------------  ---------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------ 
 a)    Position/status                 CEO, UK and 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 ('the Company') 
      ------------------------------  ---------------------------------------- 
 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    Ordinary Shares of 2 pence each 
        instrument, type of             ('Ordinary Shares') 
        instrument 
 
       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) 
                                         GBP0.02     326,711 
                                                    ---------- 
      ------------------------------  ---------------------------------------- 
 d)    Aggregated information 
 
  - Aggregated volume                  326,711 
 
       - Price                         GBP6,534.22 
 
 e)    Date of the transaction         4 November 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    Ordinary Shares of 2 pence each 
        instrument, type of             ('Ordinary Shares') 
        instrument 
 
       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 
                                        4 November 2019 under the Company's 
                                        2009 Performance Share Plan. 
      ------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)    Volume(s) 
                                         GBP1.566    156,314 
                                                    ---------- 
      ------------------------------  ---------------------------------------- 
 d)    Aggregated information 
 
  - Aggregated volume                  156,314 
 
  - Price                              GBP 244,787.72 
 
 e)    Date of the transaction         4 November 2019 
      ------------------------------  ---------------------------------------- 
 f)    Place of the transaction        London Stock Exchange (XLON) 
      ------------------------------  ---------------------------------------- 
 

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November 07, 2019 06:22 ET (11:22 GMT)