Serco Group PLC Director/PDMR Shareholding (2228C)

TIDMSRP

RNS Number : 2228C

Serco Group PLC

11 April 2017

11 April 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

1. Serco Group plc ('Serco' or 'the Company'), the international service company, announces that the individual Non-Executive Directors named below, each a PDMR, have notified the Company that they have purchased the following number of ordinary shares of 2p each in the Company (ISIN: GB0007973794):

 
 Name            Position         Date of           No of      Share      Aggregate 
                                   Notification     Shares     Price         Total 
                                                                (p)          (GBP) 
--------------  ---------------  ---------------  --------  ----------  ------------- 
                 Non-Executive    07 April 
 John Rishton     Director         2017            43,086    115.1806p   GBP49,626.71 
--------------  ---------------  ---------------  --------  ----------  ------------- 
 Sir Roy                          10 April 
  Gardner        Chairman          2017            30,000    117.0315p   GBP35,109.45 
--------------  ---------------  ---------------  --------  ----------  ------------- 
 

The above transactions took place on the London Stock Exchange (XLON) on 7 April 2017 in the case of John Rishton and on 10 April 2017 in the case of Sir Roy Gardner.

2. The Company further announces that certain share options and share awards granted under the Serco Performance Share Plan (PSP) over ordinary shares of 2p each in Company (ISIN: GB0007973794), vested on 10 April 2017. The PSP share options and share awards were awarded to the individuals listed below upon appointment to the Company to compensate for non-performance share awards forfeited by their respective previous employers. The number of shares sold to meet associated tax and NIC liabilities arising on vesting and the number of vested shares retained by each PDMR is set out below:

 
 Name         Position       No of        No of Shares      Share       No. of 
                              Shares         sold to         Price       vested 
                              vested         satisfy       of Shares     shares 
                                           associated        sold       retained 
                                             tax and          (p) 
                                          NIC liability 
-----------  -------------  ----------  ---------------  -----------  ---------- 
 Rupert       Group Chief 
  Soames       Executive     58,988(1)       27,823         116.1p      31,165 
-----------  -------------  ----------  ---------------  -----------  ---------- 
              Group Chief 
 Angus         Financial 
  Cockburn     Officer       39,849(2)       18,796         116.1p      21,053 
-----------  -------------  ----------  ---------------  -----------  ---------- 
              Divisional 
               CEO, UK 
 Kevin         Central 
  Craven       Government    25,582(3)       12,067         116.1p      13,515 
-----------  -------------  ----------  ---------------  -----------  ---------- 
 

(1) Number of shares under PSP share options granted to Rupert Soames on 27 June 2014.

(2) Number of shares under PSP share options granted to Angus Cockburn on 31 October 2014.

(3) Number of conditional shares awarded to Kevin Craven on 2 September 2014.

The vesting of the above share options and share award took place outside of a trading venue. The share sale transactions took place on the London Stock Exchange (XLON) on 10 April 2017 in the case of Rupert Soames and Angus Cockburn and on 11 April 2017 in the case of Kevin Craven.

.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUARORBAASAAR

(END) Dow Jones Newswires

April 11, 2017 09:02 ET (13:02 GMT)