9 October 2020
Serco Group plc (the 'Company')
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 October 2020, the Company granted conditional share awards ('Matching Awards') to the following PDMRs under the Serco Group plc 2019 Deferred Bonus Plan ('DBP'):
| PDMR |
Number of Shares subject to the Matching Award |
| David Eveleigh, Group General Counsel & Company Secretary |
225,658 |
| Mark Irwin, CEO UK & Europe |
216,330 |
| Anthony Kirby, Group Chief Operating Officer |
151,932 |
The Matching Awards have a normal vesting date of 5 May 2023 and vesting is conditional on continued employment, the continued holding of the Investment Shares purchased on 4 May 2020 pursuant to the earlier voluntary deferral of a proportion of their 2019 annual bonus, and the satisfaction of an EPS performance measure tested over the relevant three-year performance period.
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 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 grant of conditional share awards on 6 October 2020 under the Serco Group plc 2019 Deferred Bonus Plan. |
|||
| c)
|
Price(s) and volume(s) |
|
|
|
|
| |
|
Price(s) |
Volume(s) |
|
|
| |
|
n/a |
225,658 |
|
|
| |
|
|
|
|
|
| d)
|
Aggregated information |
|
|||
| |
|
||||
| - Aggregated volume |
225,658 |
||||
| |
|
||||
| - Price |
n/a |
||||
| |
|
||||
| e)
|
Date of the transaction
|
6 October 2020 |
|||
| f)
|
Place of the transaction |
n/a |
|||
| 1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
| a)
|
Name |
Mark Irwin |
|||
| 2
|
Reason for the notification
|
||||
| a)
|
Position/status
|
CEO UK & Europe |
|||
| 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 grant of conditional share awards on 6 October 2020 under the Serco Group plc 2019 Deferred Bonus Plan. |
|||
| c)
|
Price(s) and volume(s) |
|
|
|
|
| |
|
Price(s) |
Volume(s) |
|
|
| |
|
n/a |
216,330 |
|
|
| |
|
|
|
|
|
| d)
|
Aggregated information |
|
|||
| |
|
||||
| - Aggregated volume |
216,330 |
||||
| |
|
||||
| - Price |
n/a |
||||
| |
|
||||
| e)
|
Date of the transaction
|
6 October 2020 |
|||
| f)
|
Place of the transaction |
n/a |
|||
| 1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
| a)
|
Name |
Anthony Kirby |
|||
| 2
|
Reason for the notification
|
||||
| a)
|
Position/status
|
Group Chief Operating 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 grant of conditional share awards on 6 October 2020 under the Serco Group plc 2019 Deferred Bonus Plan. |
|||
| c)
|
Price(s) and volume(s) |
|
|
|
|
| |
|
Price(s) |
Volume(s) |
|
|
| |
|
n/a |
151,932 |
|
|
| |
|
|
|
|
|
| d)
|
Aggregated information |
|
|||
| |
|
||||
| - Aggregated volume |
151,932 |
||||
| |
|
||||
| - Price |
n/a |
||||
| |
|
||||
| e)
|
Date of the transaction
|
6 October 2020 |
|||
| f)
|
Place of the transaction |
n/a |
|||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.