28 November 2022
Serco Group plc (the'Company')
Legal Entity Identifier: 549300PT2CIHYN5GWJ21
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ('PDMRs')
On 12 September 2022, in the announcement of Rupert Soames's impending retirement, it was stated that as part of prudent financial planning and portfolio management, he would be reducing his holdings in the Company as he prepares for retirement. It was further stated that he would retain interests well in excess of that required by the Group Remuneration Policy for at least the three years following his retirement from the Company in September 2023.
In line with this, on Thursday 24th November 2022, Rupert sold 1,885,000 ordinary shares at an average price of £1.6964. Together with the announcement of the sale of 1,885,000 ordinary shares on 9th November, this takes the number of shares that Rupert has sold as part of his pre-retirement portfolio management to 3,770,000. In the latest Annual Report, Rupert's total share interests at 31st December 2021 amounted to 10,631,281 shares. He has told the Company that he does not intend to sell any more shares in the near future, and at least until after the publication of the Company's results for 2022.
This announcement is made in accordance with the requirements of the EU Market Abuse Regulation 596/2014 (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The notification of dealing forms can be found below
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name |
Rupert Soames |
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2
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Reason for the notification
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a)
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Position/status
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Group Chief Executive Officer |
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b)
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Initial notification /Amendment
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Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Serco Group plc ('the Company') |
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b)
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LEI
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549300PT2CIHYN5GWJ21 |
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4
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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)
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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)
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Nature of the transaction
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Sale of Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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£1.696412 |
1,885,000 |
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d)
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Aggregated information |
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- Aggregated volume |
1,885,000 |
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- Price |
£3,197,736.62 |
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e)
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Date of the transaction
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24 November 2022 |
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f)
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Place of the transaction
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London Stock Exchange (XLON) |
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For further information please contact: |
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Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com |
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Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email: marcus.deville@serco.com |
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About Serco |
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Serco is a leading provider of public services. Our customers are governments or others operating in the public sector. We gain scale, expertise and diversification by operating internationally across five sectors and four geographies: Defence, Justice & Immigration, Transport, Health and Citizen Services, delivered in UK & Europe, North America, Asia Pacific and the Middle East. More information can be found at www.serco.com. |
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