Serco Group PLC Director/PDMR Shareholding (7663C)

TIDMSRP

RNS Number : 7663C

Serco Group PLC

19 April 2017

19 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

Serco Group plc ('Serco' or 'the Company'), the international service company, announces that a conditional share award over 25,899 ordinary shares of 2p each in Company (ISIN: GB0007973794), granted to Angus Cockburn on 31 October 2014, under the Serco Performance Share Plan (PSP), vested on 18 April 2017. The share award was awarded to Angus upon 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 Chief 
 Angus         Financial 
  Cockburn     Officer (PDMR)    25,899        12,217         112.1           13,682 
-----------  -----------------  --------  ---------------  -----------  ----------------- 
 

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 18 April 2017.

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This information is provided by RNS

The company news service from the London Stock Exchange

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April 19, 2017 10:22 ET (14:22 GMT)