Serco Group plc (the Company)
NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRs)
The Company notifies the following changes in the interests in the ordinary shares of 2p each (Shares) of PDMRs, arising pursuant to the Deferred Bonus Plan and the Long-Term Incentive Plan (Share Awards) as follows:
(i) grants on 5 April 2024 in connection with the voluntary deferral of a proportion of 2023 annual bonus (Investment Shares) at a price of £1.853989 per Share; and matching Share Awards made on 8 April 2024 at a similar price per Share as the Investment Shares;
(ii) grants on 8 April 2024 at a price of £1.8752 per Share, being the average closing price of the Shares over the five Dealing Days prior to the date of grant; and
| Directors | Number of Share Awards Granted |
| Mark Irwin | 878,839 |
| Nigel Crossley | 461,390 |
|
| |
| Other PDMRs | |
| Gillian Duggan | 181,260 |
| David Eveleigh1 | 368,945 |
| Andrew Head | 307,426 |
| Anthony Kirby1 | 402,614 |
| Phil Malem | 193,399 |
| Ruth McGowan | 156,543 |
| Tom Watson | 285,960 |
1. The Share Awards Granted includes Investment Shares.
(iii) sale of 240,234 Shares by David Eveleigh at a price of £1.8601 per Share.
Malus and clawback provisions apply to the Share Awards.
This announcement is made in accordance with the requirements of the UK version of the Market Abuse Regulation 596/2014.
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Mark Irwin | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Group Chief Executive
| ||||
| 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 878,839 | £1,647,998.89 | ||
|
|
| Aggregated | £1.8752 | 878,839 | £1,647,998.89 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | 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 | ||||
| b)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 461,390 | £865,198.53 | ||
|
|
| Aggregated | £1.8752 | 461,390 | £865,198.53 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Gillian Duggan | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Group Chief People and Culture 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 181,260 | £339,898.75 | ||
|
|
| Aggregated | £1.8752 | 181,260 | £339,898.75 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | David Eveleigh | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Group General Counsel
| ||||
| 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 5 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange - Main Market (XLON) | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Purchase of Ordinary Shares | | £1.853989 | 36,504 | £67,678.01 | |
|
| | Aggregated | £1.853989 | 36,504 | £67,678.01 | |
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 193,723 | £363,269.37 | ||
|
|
| £1.853989 | 138,718 | £257,181.65 | ||
|
| | Aggregated | £1.8663 | 332,441 | £620,451.02 | |
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange - Main Market (XLON) | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Disposal | £1.8601 | 240,234 | £446,859.26 | ||
|
| Aggregated | £1.8601 | 240,234 | £446,859.26 | ||
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Andrew Head | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Asia Pacific CEO
| ||||
| 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 307,426 | £576,485.24 | ||
|
|
| Aggregated | £1.8752 | 307,426 | £576,485.24 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Anthony Kirby | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| UK & Europe CEO
| ||||
| 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 5 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange - Main Market (XLON) | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Purchase of Ordinary Shares
| £1.853989 | 19,338 | £35,852.44 | ||
|
| Aggregated | £1.853989 | 19,338 | £35,852.44 | ||
|
|
| Aggregated | £1.8711 | 383,276 | £717,160.45 | |
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 5 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | London Stock Exchange - Main Market (XLON) | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Purchase of Ordinary Shares | £1.853989 | 19,338 | £35,852.44 | ||
|
|
| Aggregated | £1.853989 | 19,338 | £35,852.44 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Phil Malem | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Middle East CEO
| ||||
| 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 193,399 | £362,661.80 | ||
|
|
| Aggregated | £1.8752 | 193,399 | £362,661.80 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Ruth McGowan | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| Group Chief Strategy and Growth 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 156,543 | £293,549.43 | ||
|
|
| Aggregated | £1.8752 | 156,543 | £293,549.43 | |
| 1
| Details of the person discharging managerial responsibilities/person closely associated
| |||||
| a)
| Name of natural person | Tom Watson | ||||
| 2
| Reason for the notification
| |||||
| a)
| Position/status
| North America CEO
| ||||
| 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)
| Legal Entity Identifier code
| 549300PT2CIHYN5GWJ21 | ||||
| 4
| Details of the transaction(s) summary table | |||||
|
| Date of Transaction | Financial Instrument | Identification Code | Place of Transaction | Currency | |
|
| 8 April 2024 | Ordinary shares of 2 pence each | ISIN: GB0007973794 | Outside a trading venue | GBP - British Pound | |
|
| Nature of Transaction |
| Price | Volume | Total | |
|
| Grant of Share Awards | £1.8752 | 285,960 | £536,232.19 | ||
|
|
| Aggregated | £1.8752 | 285,960 | £536,232.19 | |
Nickesha Graham-Burrell
Group Company Secretary
10 April 2024
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 brings together the right people, the right technology and the right partners to create innovative solutions that make positive impact and address some of the most urgent and complex challenges facing the modern world. With a primary focus on serving governments globally, Serco's services are powered by more than 50,000 people working across defence, space, migration, justice, healthcare, mobility and customer services. Serco's core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management. Underpinned by Serco's unique operating model, Serco drives innovation and supports customers from service discovery through to delivery. More information can be found at www.serco.com.
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