8 April 2021
Serco Group plc (the 'Company')
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 6 April 2021, pursuant to the earlier voluntary deferral of a proportion of their 2020 annual bonus and, in accordance with the rules of the Serco Group plc 2019 Deferred Bonus Plan ('the Plan'), ordinary shares of 2 pence each ('Investment Shares') were acquired on behalf of the PDMRs.
On the same day, following the acquisition of the Investment Shares and in accordance with the rules of the Plan, the Company granted conditional share awards ('Matching Share Awards') to the PDMRs.
Details of each transaction are summarised in the table below.
| PDMR | Investment Shares Purchased | Matching Share Awards granted |
| David Eveleigh, Group General Counsel & Company Secretary | 54,593 | 207,456 |
| Mark Irwin, CEO UK and Europe | 70,413 | 267,572 |
| Anthony Kirby, Group Chief Operating Officer | 55,642 | 211,444 |
The Matching Share Awards have a normal vesting date of 6 April 2024 and vesting is conditional on continued employment, the continued holding of the Investment Shares, and the satisfaction of an EPS performance measure tested over the relevant three-year performance period.
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
| Purchase of Ordinary Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.4103 | 54,593 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 54,593 | ||||
| | | ||||
| - Price | £ 76,992.51 | ||||
| | | ||||
| e)
| Date of the transaction
| 6 April 2021 | |||
| f)
| Place of the transaction | London Stock Exchange (XLON)
| |||
| 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 April 2021 under the Serco Group plc 2019 Deferred Bonus Plan. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | n/a | 207,456 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 207,456 | ||||
| | | ||||
| - Price | n/a | ||||
| | | ||||
| e)
| Date of the transaction
| 6 April 2021 | |||
| 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 and 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
| Purchase of Ordinary Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.4103 | 70,413 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 70,413 | ||||
| | | ||||
| - Price | £ 99,303.45 | ||||
| | | ||||
| e)
| Date of the transaction
| 6 April 2021 | |||
| f)
| Place of the transaction | London Stock Exchange (XLON)
| |||
| 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 April 2021 under the Serco Group plc 2019 Deferred Bonus Plan. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | n/a | 267,572 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 267,572 | ||||
| | | ||||
| - Price | n/a | ||||
| | | ||||
| e)
| Date of the transaction
| 6 April 2021 | |||
| 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
| Purchase of Ordinary Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £1.4103 | 55,642 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 55,642 | ||||
| | | ||||
| - Price | £ 78,471.91 | ||||
| | | ||||
| e)
| Date of the transaction
| 6 April 2021 | |||
| f)
| Place of the transaction | London Stock Exchange (XLON)
| |||
| 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 April 2021 under the Serco Group plc 2019 Deferred Bonus Plan. | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | n/a | 211,444 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 211,444 | ||||
| | | ||||
| - Price | n/a | ||||
| | | ||||
| e)
| Date of the transaction
| 6 April 2021 | |||
| f)
| Place of the transaction | n/a | |||
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