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Director dealings: Outgoing Serco CEO lowers stake

(Sharecast News) - Serco revealed on Monday that outgoing chief executive Rupert Soames had disposed of 1.88m ordinary shares in the FTSE 250-listed contractor. Soames, who will retire from the group in September 2023, sold the shares on Thursday at an average price of 169.64p each, for a total value of £3.19m.

The sale comes shortly after Soames disposed of another 1.88m on 9 November.

As of 1615 GMT, Serco shares were down 0.35% at 169.90p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Centralnic Group (CNIC) Director name: Royde ,Max Amount purchased: 483,000 @ 126.22p Value: £609,642.60

Centralnic Group (CNIC) Director name: Royde ,Max Amount purchased: 402,734 @ 116.50p Value: £469,185.09

Centralnic Group (CNIC) Director name: Royde ,Max Amount purchased: 350,000 @ 130.00p Value: £454,999.98

Centralnic Group (CNIC) Director name: Royde ,Max Amount purchased: 152,568 @ 128.40p Value: £195,894.26

Centralnic Group (CNIC) Director name: Royde ,Max Amount purchased: 141,775 @ 117.30p Value: £166,304.91

Alien Metals Limited Npv (di) (UFO) Director name: McIllree ,Roderick Amount purchased: 51,333,332 @ 0.30p Value: £154,000.00

Hiscox Limited (di) (HSX) Director name: Hussain,Hamayou Akbar Amount purchased: 10,000 @ 1,004.00p Value: £100,400.00

Londonmetric Property (LMP) Director name: Elliott,Alistair Amount purchased: 10,000 @ 181.00p Value: £18,100.00

Macfarlane Group (MACF) Director name: Whyte,Laura Amount purchased: 9,200 @ 106.00p Value: £9,752.00

Asia Dragon Trust (DGN) Director name: Noble,Susan Sternglass Amount purchased: 2,500 @ 389.30p Value: £9,732.38

Londonmetric Property (LMP) Director name: Avery,Suzanne Amount purchased: 4,300 @ 181.00p Value: £7,783.00

Alien Metals Limited Npv (di) (UFO) Director name: Smith,Daniel Amount purchased: 2,500,000 @ 0.30p Value: £7,500.00

Alien Metals Limited Npv (di) (UFO) Director name: Culbert,Mark Amount purchased: 1,666,666 @ 0.30p Value: £5,000.00

Trakm8 Holdings (TRAK) Director name: Watkins,John Ferris Amount purchased: 831 @ 14.90p Value: £123.82

Top Director Sells

Serco Group (SRP) Director name: Soames,Rupert Amount sold: 1,885,000 @ 169.64p Value: £3,197,736.56

Reach (RCH) Director name: Fuller,Simon Amount sold: 47,185 @ 117.50p Value: £55,442.37

Trakm8 Holdings (TRAK) Director name: Watkins,John Ferris Amount sold: 831 @ 14.10p Value: £117.17

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.