7 November 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 4 November 2019, Kevin Craven exercised nominal-cost options, granted under the 2009 Serco Performance Share Plan. In connection with the exercise, Ordinary Shares of 2 pence each ('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 options exercised |
Ordinary Shares sold to cover costs |
Share price |
Number of Ordinary Shares retained |
|
Kevin Craven, CEO UK and Europe |
6 April 2016 |
8 April 2019 |
326,711 |
156,314 |
156.6 pence |
170,397 |
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
|
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|
a)
|
Name |
Kevin Craven |
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|
2
|
Reason for the notification
|
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|
a)
|
Position/status
|
CEO, UK and Europe |
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|
b)
|
Initial notification /Amendment
|
Initial notification |
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|
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') |
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|
b)
|
LEI
|
549300PT2CIHYN5GWJ21 |
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|
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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|
|
|
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|
Identification code |
ISIN: GB0007973794 |
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|
|
|
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|
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.
|
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|
c)
|
Price(s) and volume(s) |
|
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|
d)
|
Aggregated information |
|
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|
|
|
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|
- Aggregated volume |
326,711 |
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|
|
|
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|
- Price |
£6,534.22 |
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|
|
|
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|
e)
|
Date of the transaction
|
4 November 2019 |
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|
f)
|
Place of the transaction |
N/A |
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|
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 sale of Ordinary Shares to satisfy tax liabilities and dealing costs following the exercise of nominal-cost options over Ordinary Shares on 4 November 2019 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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|
|
|
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|
- Aggregated volume |
156,314 |
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|
|
|
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|
- Price |
£ 244,787.72 |
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|
|
|
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|
e)
|
Date of the transaction
|
4 November 2019 |
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|
f)
|
Place of the transaction |
London Stock Exchange (XLON) |
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