12th Apr 2019 16:20
12 April 2019
Serco Group plc ('Serco' or 'the Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ORDINARY SHARES OF 2p EACH IN THE COMPANY ('Shares')
Following the vesting of conditional share awards ('CSAs') granted to a PDMR on 6 April 2016 under the 2009 Serco Performance Share Plan ('PSP') on 8 April 2019, details of the Shares received and the automatic sale of Shares to satisfy tax liabilities are provided below.
PDMR | Number of CSAs vesting | Number of Shares sold |
David Dacquino Chairman and CEO Serco Americas | 149,663 | 45,208 |
The price for the disposal of the Shares was 124.23 pence per Share.
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 Dacquino | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman and CEO Serco Americas | |||
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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 April 2016 under the Company's 2009 Performance Share Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
N/A | 149,663 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 149,663 | ||||
- Price | N/A | ||||
e)
| Date of the transaction
| 8 April 2019 | |||
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 automatic sale of Ordinary Shares to satisfy tax liabilities following the vesting of conditional share awards over Ordinary Shares on 8 April 2019 under the Company's 2009 Performance Share Plan.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
£1.2423 | 45,208 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 45,208 | ||||
- Price | £1.2423 | ||||
e)
| Date of the transaction
| 8 April 2019 | |||
f)
| Place of the transaction | London Stock Exchange (XLON) | |||
Related Shares:
Serco