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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.60 | 0.33% | 182.00 | 182.00 | 182.10 | 182.40 | 179.90 | 182.40 | 1,830,370 | 16:29:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| General Government, Nec | 4.87B | 202.4M | 0.1834 | 9.92 | 2.01B |
From Apr 2019 to Apr 2024
TIDMSRP
RNS Number : 8970S
Serco Group PLC
28 June 2018
28 June 2018
Serco Group plc (the 'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2 PENCE EACH IN THE COMPANY IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
On 25 June 2018, the Company granted awards ('Performance Awards') in the form of nominal cost options (with the exception of Dave Dacquino who was granted a conditional share award) to the following PDMRs under the Serco Group plc 2009 Performance Share Plan ('PSP').
In addition, on 25 June 2018 the Company granted nominal cost options to Anthony Kirby, a PDMR, under the PSP in connection with his recruitment as Group HR Director ('Recruitment Award').
The Performance Awards and the Recruitment Award (together, the 'Awards') have a normal vesting date of the third anniversary of grant. The vesting of the Awards is conditional on the satisfaction of five independent performance measures as follows:
Hot Features
Premium
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 13.7p (threshold, 25% vesting) to 16.7p
(maximum, 100% vesting), measured
as an aggregate over the three-year performance period ending
31 December 2020.
------------------------------------------ --------- ---------------------------------------------------------------
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 2020.
------------------------------------------ --------- ---------------------------------------------------------------
ROIC 28.33% Pre-tax Return on Invested Capital (ROIC) of 9.9% (threshold,
25% vesting) to 12.2% (maximum,
100% vesting), measured as an average over the three-year
performance period ending 31 December
2020.
------------------------------------------ --------- ---------------------------------------------------------------
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 2020.
------------------------------------------ --------- ---------------------------------------------------------------
Strategic objective - Employee Engagement 7.50% By 31 December 2020, achieve an engagement score of 56% engaged
(target, 50% vesting) to 60%
engaged (maximum, 100% vesting) in our annual employee
engagement survey.
------------------------------------------ --------- ---------------------------------------------------------------
In exceptional circumstances 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 the 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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBP0.02 1,753,481
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 1,753,481
- Price GBP35,069.62
e) Date of the transaction 25 June 2018
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBP0.02 902,527
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 902,527
- Price GBP18,050.54
e) Date of the transaction 25 June 2018
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ --------------------------------------
c) Price(s) and volume(s)
---- ----------------- ----------------
Price(s) Volume(s)
---- ----------------- ----------------
GBP0.02 299,123
----------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 299,123
- Price GBP5,982.46
e) Date of the transaction 25 June 2018
---- ------------------------------ --------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBP0.02 297,060
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 297,060
- Price GBP5,941.20
e) Date of the transaction 25 June 2018
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ --------------------------------------
c) Price(s) and volume(s)
---- ----------------- ----------------
Price(s) Volume(s)
---- ----------------- ----------------
GBP0.02 185,662
----------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 185,662
- Price GBP3,713.24
e) Date of the transaction 25 June 2018
---- ------------------------------ --------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBP0.02 433,212
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 433,212
- Price GBP8,664.24
e) Date of the transaction 25 June 2018
---- ------------------------------ -------------------------------------
f) Place of the transaction n/a
---- ------------------------------ -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- --------------------------------------------------------------------
a) Name Dave 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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of a conditional
transaction share award on 25 June 2018
under the Serco Group plc
2009 Performance Share Plan.
---- ------------------------------ ------------------------------------
c) Price(s) and volume(s)
---- ---------------- ---------------
Price(s) Volume(s)
---- ---------------- ---------------
GBP0.02 516,071
---------------------------------------------------- ---------------
d) Aggregated information
----
- Aggregated volume 516,071
- Price GBP10,321.42
e) Date of the transaction 25 June 2018
---- ------------------------------ ------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBP0.02 408,948
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 408,948
- Price GBP8,178.96
e) Date of the transaction 25 June 2018
---- ------------------------------ -------------------------------------
f) Place of the transaction n/a
---- ------------------------------ -------------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------------
a) Name David Greer
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan.
---- ------------------------------ -------------------------------------
c) Price(s) and volume(s)
---- ---------------- ----------------
Price(s) Volume(s)
---- ---------------- ----------------
GBP0.02 322,473
---------------------------------------------------- ----------------
d) Aggregated information
----
- Aggregated volume 322,473
- Price GBP6,449.46
e) Date of the transaction 25 June 2018
---- ------------------------------ -------------------------------------
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 Ordinary shares of 2 pence
the financial each
instrument, type
of instrument
----
Identification ISIN: GB0007973794
code
b) Nature of the The grant of nominal cost
transaction options on 25 June 2018 under
the Serco Group plc 2009
Performance Share Plan in
connection with the recruitment
of the PDMR.
---- ------------------------------ ---------------------------------------
c) Price(s) and volume(s)
---- ----------------- -----------------
Price(s) Volume(s)
---- ----------------- -----------------
GBP0.02 297,060
----------------------------------------------------- -----------------
d) Aggregated information
----
- Aggregated volume 297,060
- Price GBP5,941.20
e) Date of the transaction 25 June 2018
---- ------------------------------ ---------------------------------------
f) Place of the transaction n/a
---- ------------------------------ ---------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
DSHUWAKRWAANURR
(END) Dow Jones Newswires
June 28, 2018 05:14 ET (09:14 GMT)
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