16th Apr 2013 13:12
SERCO GROUP PLC - Director/PDMR ShareholdingSERCO GROUP PLC - Director/PDMR Shareholding
PR Newswire
London, April 16
Serco Group plc (the "Company") advises that, on 15 April 2013, the individualsbelow, each a person discharging managerial responsibility, were grantedoptions to acquire at nominal cost (with the exception of Ed Casey, whoseoptions are exercisable at nil cost) the number of ordinary shares of 2p eachin the Company shown below opposite their names, through participation in theSerco Group plc Performance Share Plan:
Christopher Hyman 242,914 Andrew Jenner 124,696 David Campbell 75,803 Ed Casey 75,761 Guy Leach 43,947 Geoff Lloyd 44,210 Robert McGuiness 51,983 Jeremy Stafford 52,631 Seraj Taiyeb 56,680The number of shares which will vest under the Performance Share Plan isconditional upon the satisfaction of two independent performance conditionsover a three-year performance period ending 31 December 2015. Half of theaward is subject to TSR compared to the companies in the FTSE 51 to 130(excluding investment trusts) and half is subject to annual compound EPSgrowth.
The EPS growth range for the performance period has been set at annual compoundEPS growth of 5.5% at threshold to 10.5% at maximum. The definition of EPS isbasic EPS excluding material acquisitions, disposals, currency movements andbefore amortisation on acquired intangibles and acquisition-related costs.
This notice is given in fulfilment of obligations under DTR3.1.2R and DTR3.1.4R(1)(a).
Related Shares:
Serco