8th Aug 2019 14:13
8 August 2019
Serco Group plc
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
INITIAL NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs') IN ACCORDANCE WITH ARTICLE 19 OF THE EU MARKET ABUSE REGULATION 596/2014
On 7 August 2019, Sir Roy Gardner, Chairman of Serco Group plc, purchased 50,000 Ordinary Shares of 2 pence each ('Ordinary Shares') at a price of £1.396 per share.
In addition, on 7 August 2019, the following PDMRs exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan. In connection with the exercise, Ordinary Shares were sold 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 shares exercised | Shares sold to cover costs | Share price | Number of shares retained |
Rupert Soames, Group Chief Executive | 6 April 2016 | 8 April 2019 | 1,410,028 | 675,809 | 139.3 pence | 734,219 |
Angus Cockburn, Group Chief Financial Officer | 6 April 2016 | 8 April 2019 | 725,749 | 355,021 | 139.3 pence | 370,728 |
David Eveleigh, Group General Counsel & Company Secretary | 29 May 2015 | 29 May 2018 | 132,943 | 63,717 | 139.4 pence | 69,226 |
6 April 2016 | 8 April 2019 | 226,433 | 108,526 | 139.4 pence | 117,907 |
The notification of dealing forms for these transactions can be found below.
Transaction notification
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Sir Roy Gardner | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chairman | ||||
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 purchase of Ordinary Shares. | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 50,000 | |||||
- Price | £69,800 | |||||
e)
| Date of the transaction
| 7 August 2019 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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 2016 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 1,410,028 | |||||
- Price | £28,200.56 | |||||
e)
| Date of the transaction
| 7 August 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 sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 675,809 | |||||
- Price | £941,464.79 | |||||
e)
| Date of the transaction
| 7 August 2019 | ||||
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 2016 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 725,749 | |||||
- Price | £14,514.98 | |||||
e)
| Date of the transaction
| 7 August 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 sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.
| ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information | |||||
- Aggregated volume | 355,021 | |||||
- Price | £494,577.27 | |||||
e)
| Date of the transaction
| 7 August 2019 | ||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||
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 exercise of nominal-cost options over Ordinary Shares granted on 29 May 2015 and 6 April 2016 under the Company's 2009 Performance Share Plan.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | |||||||
- Aggregated volume | 359,376 | |||||||
- Price | £7,187.52 | |||||||
e)
| Date of the transaction
| 7 August 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 sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 7 August 2019 under the Company's 2009 Performance Share Plan.
| ||||||
c)
| Price(s) and volume(s) |
| ||||||
d)
| Aggregated information | |||||||
- Aggregated volume | 172,243 | |||||||
- Price | £240,106.74 | |||||||
e)
| Date of the transaction
| 7 August 2019 | ||||||
f)
| Place of the transaction | London Stock Exchange (XLON) | ||||||
Related Shares:
Serco