Key Developments: Serco Group PLC (SRP.L)

SRP.L on London Stock Exchange

26 May 2015
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Latest Key Developments (Source: Significant Developments)

Serco Group plc announces disposal of Great Southern Rail in Australia
Monday, 30 Mar 2015 02:02am EDT 

Serco Group plc:Says that it has agreed sale of its Great Southern Rail (GSR) business to Australian private equity firm Allegro Funds for an enterprise value and cash consideration of 2.5 million pounds.Transaction is part of disposal programme of businesses identified as not being core to Serco's future strategy, as announced initially in Nov. 2014.Sale is expected to complete in coming months, subject to customary closing conditions and approvals.  Full Article

Serco Group plc's Serco Inc awarded $42 mln navy identification card administration contract
Tuesday, 17 Mar 2015 10:19am EDT 

Serco Group plc:Says its wholly-owned subsidiary, Serco Inc has been awarded a contract with navy personnel command to provide identification card administration (ICA) at 67 military sites around the world.Says task order was awarded under seaport-e contract vehicle and Serco was selected from 12 teams bidding on the contract.Says four-year contract has a one-year base period and three one-year option periods, with a value of $42 mln, if all options are exercised.  Full Article

Serco Group Plc to sell private BPO business-Business Standard
Thursday, 12 Mar 2015 09:05am EDT 

Serco Group Plc:Has initiated talks to sell of its private BPO business in Jan. 2015-Business Standard.  Full Article

Serco Group PLC announces proposed rights issue
Thursday, 12 Mar 2015 03:01am EDT 

Serco Group PLC:Proposed fully underwritten rights issue to raise gross proceeds of about 555 mln Pounds.Proceeds of the rights issue will be primarily to reduce the Group's gross indebtedness, with the balance for continued investment in the business and general corporate purposes.  Full Article

Serco Group PLC does not declare dividend
Thursday, 12 Mar 2015 03:01am EDT 

Serco Group PLC:Says the board is not recommending the payment of a final dividend for the 2014 financial year.  Full Article

Serco Group PLC secures rail contract in KSA
Monday, 23 Feb 2015 03:19am EST 

Serco Group PLC:Says Serco-led consortium signs contract with Saudi Railway Company (SAR) to be it's partner, providing management and technical support for operations on the North South Railway.Says contract starts immediately, has total value to Serco of about 120 mln Pounds over five years.Under the partnership arrangement, Serco will operate as prime contractor and will provide technical support for passenger operations.  Full Article

Serco Group plc announces Chairman intends to step down
Monday, 17 Nov 2014 02:00am EST 

Serco Group plc:Says Chairman, Alastair Lyons, has informed Board of his intention to step down once new Chairman has been appointed.  Full Article

Serco Group PLC updates FY 2014 revenue guidance and lowers FY 2014 EBIT guidance - conference call
Monday, 10 Nov 2014 09:00pm EST 

Serco Group PLC:Expects FY 2014 revenue similar to the guidance provided at the half year results of at least 4.6 bln pounds of reported currency.Expects FY 2014 adjusted operating profit is about 20 mln pounds weaker than when last updated the market at the half year and now expect to be around 130 mln pounds to 140 mln pounds.FY 2014 revenue of 4.655 bln pounds-Thomson Reuters I/B/E/S.  Full Article

Serco Group PLC updates on DIBP contract
Thursday, 4 Sep 2014 03:11am EDT 

Serco Group PLC:Provides an update on procurement process for onshore immigration detention services in Australia.The Department of Immigration and Border Protection has announced that Serco has been selected as preferred tenderer to continue providing facilities and detainee services.Commercial negotiations and procurement process are ongoing and are anticipated to be concluded in next few months.Depending on success of those negotiations new contract will be entered into.A further announcement will be made in due course.  Full Article

Serco Group PLC declares interim dividend
Tuesday, 12 Aug 2014 02:01am EDT 

Serco Group PLC:Declares an interim dividend of 3.10 p per share, representing a consistent level with the 2013 interim dividend.The interim dividend will be paid on Oct. 17 to shareholders on the register as at Sept. 05.  Full Article

BRIEF-Serco Group rights issue fully subscribed

* Company confirms that Merrill Lynch International and J.P. Morgan Securities Plc, on behalf of underwriters, have procured subscribers for 29,009,130 new ordinary shares

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