9th Apr 2020 13:32
9 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 6 April 2020, conditional share awards ('CSAs') granted to David Dacquino on 6 April 2017 under the 2009 Serco Performance Share Plan, vested. In connection with the vest, Ordinary Shares were sold to satisfy tax liabilities and dealing costs. A summary of the Ordinary Shares acquired, sold and retained is set out below.
Name of PDMR | Grant date of award | Vest date of award | Number of CSAs vesting | Number of Ordinary Shares sold to cover costs | Number of Ordinary Shares retained |
David Dacquino, Chairman and CEO Serco Americas | 6 April 2017 | 6 April 2020 | 121,519 | 36,707 | 84,812 |
The price for the disposal of the Ordinary Shares was £1.2464 per Share.
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
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a)
| Name | David Dacquino | ||||
2
| Reason for the notification
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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
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a)
| Name
| Serco Group plc ('the Company') | ||||
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
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a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 2 pence each ('Ordinary Shares')
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Identification code | ISIN: GB0007973794 | |||||
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b)
| Nature of the transaction
| The acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 April 2017 under the Company's 2009 Performance Share Plan. | ||||
c)
| Price(s) and volume(s) |
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d)
| Aggregated information |
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- Aggregated volume | 121,519 | |||||
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- Price | N/A | |||||
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e)
| Date of the transaction
| 6 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')
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Identification code | ISIN: GB0007973794 | |||||
|
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b)
| Nature of the transaction
| The automatic sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the vesting of conditional share awards over Ordinary Shares on 6 April 2020 under the Company's 2009 Performance Share Plan.
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c)
| Price(s) and volume(s) |
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d)
| Aggregated information |
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- Aggregated volume | 36,707 | |||||
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- Price | £ 45,751.60 | |||||
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e)
| Date of the transaction
| 6 April 2020 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
Related Shares:
Serco