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) |
Price(s) |
Volume(s) |
£1.396 |
50,000 |
|
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) |
Price(s) |
Volume(s) |
£0.02 |
1,410,028 |
|
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) |
Price(s) |
Volume(s) |
£1.393 |
675,809 |
|
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) |
Price(s) |
Volume(s) |
£0.02 |
725,749 |
|
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) |
Price(s) |
Volume(s) |
£1.393 |
355,021 |
|
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) |
Price(s) |
Volume(s) |
£0.02 |
132,943 |
£0.02 |
226,433 |
|
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) |
Price(s) |
Volume(s) |
£1.394 |
172,243 |
|
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) |