9 June 2022
Serco Group plc
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')
Conditional share awards ('CSAs') granted to Rupert Soames, Nigel Crossley, Anthony Kirby, Mark Irwin, David Dacquino, Peter Welling, Philip Malem, David Eveleigh and Kate Steadman on 6 June 2019 under the Serco Group plc 2019 Long-Term Incentive Plan ('LTIP'), vested on 6 June 2022. A summary of the Ordinary Shares acquired from the vesting awards is set out below.
| Name of PDMR | Grant date of award | Vest date of award | Number of Ordinary Shares acquired |
| Rupert Soames, Group Chief Executive Officer | 6 June 2019 | 6 June 2022 | 1,201,082 |
| Nigel Crossley, Group Chief Financial Officer | 6 June 2019 | 6 June 2022 | 106,361 |
| Anthony Kirby, Group Chief Operating Officer | 6 June 2019 | 6 June 2022 | 219,011 |
| Mark Irwin, Chief Executive Officer, Serco UK and Europe | 6 June 2019 | 6 June 2022 | 293,943 |
| David Dacquino, Chairman and Chief Executive Officer, Serco Americas | 6 June 2019 | 6 June 2022 | 379,486 |
| Peter Welling, Chief Executive Officer, Serco Asia Pacific | 6 June 2019 | 6 June 2022 | 56,682 |
| Philip Malem, Chief Executive Officer, Serco Middle East | 6 June 2019 | 6 June 2022 | 222,160 |
| David Eveleigh, Group General Counsel and Company Secretary | 6 June 2019 | 6 June 2022 | 229,613 |
| Kate Steadman, Group Strategy and Communications Director | 6 June 2019 | 6 June 2022 | 129,709 |
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation 596/2014.
The notification of dealing forms for this transaction can be found below.
For further information please contact:
Paul Checketts, Head of Investor Relations, tel: +44 (0) 7718 195 074 or email: paul.checketts@serco.com
Marcus De Ville, Head of Media Relations, tel: +44 (0) 7738 898 550 or email: marcus.deville@serco.com
About Serco
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.
Transaction notification
| 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 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 1,201,082 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| f)
| Place of the transaction | N/A | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name | Nigel Crossley | ||||
| 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 106,361 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 219,011 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| 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
| Chief Executive Officer, Serco 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 293,943 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| f)
| Place of the transaction | N/A | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name | David Dacquino | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chairman and Chief Executive Officer, Serco Americas | ||||
| 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 379,486 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| f)
| Place of the transaction | N/A | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name | Peter Welling | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Executive Officer, Serco Asia Pacific | ||||
| 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 56,682 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| f)
| Place of the transaction | N/A | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name | Philip Malem | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Chief Executive Officer, Serco Middle East | ||||
| 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 222,160 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| f)
| Place of the transaction | N/A | ||||
| 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 and 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 229,613 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| f)
| Place of the transaction | N/A | ||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
| a)
| Name | Kate Steadman | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Group Strategy and Communications Director | ||||
| 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 ('the Company') | ||||
| 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 acquisition of Ordinary Shares pursuant to the vest of conditional share awards granted on 6 June 2019 under the Company's 2019 Long-Term Incentive Plan. | ||||
| c)
| Price(s) and volume(s) |
| ||||
| d)
| Aggregated information | | ||||
| | | |||||
| - Aggregated volume | 129,709 | |||||
| | | |||||
| - Price | N/A | |||||
| | | |||||
| e)
| Date of the transaction
| 6 June 2022 | ||||
| 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.
