15th Apr 2020 16:22
15 April 2020
Serco Group plc
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 9 April 2020, the following PDMRs exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan and, on the same date, sold Ordinary Shares to satisfy tax liabilities and dealing costs.
A summary of the Ordinary Shares acquired, sold and retained in respect of each PDMR is set out below.
Name of PDMR | Grant date of award | Vest date of award | Number of options exercised | Shares sold to cover costs | Share price (GBP) | Number of shares retained |
Rupert Soames, Group Chief Executive | 6 April 2017 | 6 April 2020 | 1,002,949 | 481,357 | 1.2832 | 521,592 |
Angus Cockburn, Group Chief Financial Officer | 6 April 2017 | 6 April 2020 | 516,224 | 252,858 | 1.2832 | 263,366 |
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.
The notification of dealing forms for this transaction can be found below.
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 /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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2017 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 1,002,949 | |||||
- Price | £20,059
| |||||
e)
| Date of the transaction
| 9 April 2020 | ||||
f)
| Place of the transaction | N/A | ||||
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 sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 9 April 2020 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 481,357 | |||||
- Price | £617,677 | |||||
e)
| Date of the transaction
| 9 April 2020
| ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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 /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 exercise of nominal-cost options over Ordinary Shares granted on 6 April 2017 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 516,224 | |||||
- Price | £10,324 | |||||
e)
| Date of the transaction
| 9 April 2020 | ||||
f)
| Place of the transaction | N/A | ||||
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 sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 9 April 2020 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 252,858 | |||||
- Price | £324,467 | |||||
e)
| Date of the transaction
| 9 April 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
Related Shares:
Serco