Severn Trent PLC
3 April 2002
1. On 2 April 2002, Severn Trent QUEST Limited (a wholly owned
subsidiary of Severn Trent Plc permitted to subscribe for shares in
the company to satisfy options granted under the Company's Sharesave
scheme) subscribed for 429,666 Ordinary shares of 65 5/19 pence each
to satisfy the exercise of options by participants in the scheme.
These shares were then transferred to participants on the same day.
The executive directors of Severn Trent Plc were deemed to have a
technical interest in the 429,666 shares when Severn Trent QUEST
Limited subscribed for the shares and ceased to have an interest when
the shares were transferred to the participants.
2. Two participants who exercised options under the Company's Sharesave
scheme are executive directors of Severn Trent Plc. Following the
transfer of shares from Severn Trent QUEST Limited their interests in
Ordinary shares of the Company are as shown below:
Name of Director No. of Ordinary No. of Ordinary
Shares transferred Shares held at
2 April 2002
J K Banyard 1,633 16,816
B Duckworth 1,306 19,523
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.