9th Oct 2020 16:20
9 October 2020
Serco Group plc (the 'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Ordinary Shares')
On 6 October 2020, the Company granted conditional share awards ('Matching Awards') to the following PDMRs under the Serco Group plc 2019 Deferred Bonus Plan ('DBP'):
PDMR | Number of Shares subject to the Matching Award |
David Eveleigh, Group General Counsel & Company Secretary | 225,658 |
Mark Irwin, CEO UK & Europe | 216,330 |
Anthony Kirby, Group Chief Operating Officer | 151,932 |
The Matching Awards have a normal vesting date of 5 May 2023 and vesting is conditional on continued employment, the continued holding of the Investment Shares purchased on 4 May 2020 pursuant to the earlier voluntary deferral of a proportion of their 2019 annual bonus, and the satisfaction of an EPS performance measure tested over the relevant three-year performance period.
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation 596/2014. The notification of dealing forms can be found below.
Transaction notification
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 /Amendment
| Initial notification | |||
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 the financial instrument, type of instrument | Ordinary shares of 2 pence each ("Ordinary Shares")
| |||
Identification code | ISIN: GB0007973794 | ||||
b)
| Nature of the transaction
| The grant of conditional share awards on 6 October 2020 under the Serco Group plc 2019 Deferred Bonus Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 225,658 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 225,658 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 October 2020 | |||
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 UK & Europe | |||
b)
| Initial notification /Amendment
| Initial notification | |||
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 the financial instrument, type of instrument | Ordinary shares of 2 pence each ("Ordinary Shares")
| |||
Identification code | ISIN: GB0007973794 | ||||
b)
| Nature of the transaction
| The grant of conditional share awards on 6 October 2020 under the Serco Group plc 2019 Deferred Bonus Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 216,330 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 216,330 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 October 2020 | |||
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 Chief Operating Officer | |||
b)
| Initial notification /Amendment
| Initial notification | |||
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 the financial instrument, type of instrument | Ordinary shares of 2 pence each ("Ordinary Shares")
| |||
Identification code | ISIN: GB0007973794 | ||||
b)
| Nature of the transaction
| The grant of conditional share awards on 6 October 2020 under the Serco Group plc 2019 Deferred Bonus Plan. | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
n/a | 151,932 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 151,932 | ||||
- Price | n/a | ||||
e)
| Date of the transaction
| 6 October 2020 | |||
f)
| Place of the transaction | n/a | |||
Related Shares:
Serco