Serco Group PLC Director/PDMR Shareholding (6491E)
May 09 2017 - 10:29AM
UK Regulatory
TIDMSRP
RNS Number : 6491E
Serco Group PLC
09 May 2017
9 May 2017
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
Serco Group plc ('Serco' or 'the Company'), the international
service company, announces that the individual Executive Directors
and Executive Committee Members named below, each a PDMR, have
notified the Company that, in connection with their participation
in the 2017 Serco Deferred Bonus Plan, they have purchased the
following number of ordinary shares ("Investment Shares") of 2p
each in the Company (ISIN: GB0007973794) and were awarded a
corresponding Matching Share Award under the terms of the Company's
Deferred Bonus Plan ("DBP Matching Share Award"), as follows:
Name Position Number Value DBP Matching
of Investment Invested Share Award
Shares (Maximum)
Purchased
---------------- -------------------- --------------- -------------- -------------
Group Chief
Rupert Soames Executive 229,980 GBP276,136.99 873,926
---------------- -------------------- --------------- -------------- -------------
Group Chief
Financial
Angus Cockburn Officer 116,175 GBP139,491.32 441,470
---------------- -------------------- --------------- -------------- -------------
Group Chief
Operating
Ed Casey Officer 158,125 GBP189,860.69 577,860
---------------- -------------------- --------------- -------------- -------------
CEO, Central
Kevin Craven Government 56,019 GBP67,262.01 212,874
---------------- -------------------- --------------- -------------- -------------
CEO, Local
& Regional
Liz Benison Government 26,005 GBP31,224.20 98,822
---------------- -------------------- --------------- -------------- -------------
Mark Irwin CEO, AsPac 71,179 GBP85,464.63 281,092
---------------- -------------------- --------------- -------------- -------------
Group General
Counsel &
David Eveleigh Company Secretary 16,635 GBP19,973.64 63,218
---------------- -------------------- --------------- -------------- -------------
The Investment Shares were purchased on the London Stock
Exchange (XLON) on 8 May 2017 at a price per share of 120.07p. The
grants of the DBP Matching Share Awards have been made in London
and are based on the share price for the purchase of the above
Investment Shares on the London Stock Exchange on 8 May 2017. The
date of the notification of shares purchased and the grant is 9 May
2017.
The number of shares that will vest under the DBP Matching Share
Award is conditional upon the satisfaction of a three-year EPS
performance target being Statutory Earnings Per Share (EPS) before
exceptional items (adjusted to reflect tax paid on a cash basis) of
13.5p (threshold, 25% vesting) to 16.5p (maximum, 100% vesting),
measured as an aggregate over the three-year performance period
ending 31 December 2019. At threshold, each Investment Share
purchased will be matched (on a gross investment basis) by half a
Matching Share, increasing to a maximum of two Matching Shares at
the maximum performance target level. In exceptional circumstances
the Remuneration Committee retains discretion to change performance
measures and targets part-way through the performance period if
there is a significant event such as a major transaction. Awards to
all participants are subject to pre-vesting malus and post-vesting
clawback.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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