Serco Group PLC Director/PDMR Shareholding (3901D)

TIDMSRP

RNS Number : 3901D

Serco Group PLC

29 June 2021

29 June 2021

Serco Group plc

Legal Entity Identifier: 549300PT2CIHYN5GWJ21

INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2 PENCE EACH IN THE COMPANY ('Ordinary Shares')

On 25 June 2021, conditional share awards ('CSAs') granted to David Dacquino on 25 June 2018 under the 2009 Serco Performance Share Plan, vested . In connection with the vest, 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 PDMR           Grant date    Vest date    Number of           Number of      Number of 
                         of award      of award     Ordinary Shares     Ordinary       Ordinary 
                                                    acquired through    Shares sold    Shares retained 
                                                    vesting CSAs        to cover 
                                                                        costs 
 David Dacquino,          25 June      25 June 
  CEO Serco Americas        2018         2021                518,128        153,542            364,586 
                       ------------  -----------  ------------------  -------------  ----------------- 
 

The price for the disposal of the Ordinary Shares was GBP 1.29965 per Share.

This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.

The notification of dealing forms for this transaction can be found below.

Transaction notification

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                            David Dacquino 
      ------------------------------  -------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                 CEO Serco 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 ('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 acquisition of Ordinary Shares 
                                        pursuant to the vest of conditional 
                                        share awards granted on 25 June 
                                        2018 under the Company's 2009 Performance 
                                        Share Plan. 
      ------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)    Volume(s) 
                                         N/A         518,128 
                                                    ---------- 
      ------------------------------  -------------------------------------------- 
 d)    Aggregated information 
 
  - Aggregated volume                  518,128 
 
       - Price                         N/A 
 
 e)    Date of the transaction         25 June 2021 
      ------------------------------  -------------------------------------------- 
 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 automatic sale of Ordinary Shares 
                                        to satisfy tax liabilities and dealing 
                                        costs following the vesting of conditional 
                                        share awards over Ordinary Shares 
                                        on 25 June 2021 under the Company's 
                                        2009 Performance Share Plan. 
      ------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)      Volume(s) 
                                         GBP1.29965    153,542 
                                                      ---------- 
      ------------------------------  -------------------------------------------- 
 d)    Aggregated information 
 
  - Aggregated volume                  153,542 
 
  - Price                              GBP 199,550.86 
 
 e)    Date of the transaction         25 June 2021 
      ------------------------------  -------------------------------------------- 
 f)    Place of the transaction        London Stock Exchange (XLON) 
      ------------------------------  -------------------------------------------- 
 

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June 29, 2021 05:00 ET (09:00 GMT)