Director/PDMR Shareholding

RNS Number : 8326E

Severn Trent PLC

06 June 2012

 



NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") has notified the Company that on 1 June 2012 it transferred the beneficial interest in a total of 47,453 Ordinary Shares of 97^17/19p each in the Company (the "Shares") for nil consideration to participants in the Long Term Incentive Plan 2005 ("LTIP"), including 11,371 Shares to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below, pursuant to awards made under the LTIP in 2009.

PDMRs are potential beneficiaries under the Trust and, therefore, (except as disclosed below) their interests in shares held by the Trust ceased on such transfer.

Participant	Shares subject to LTIP Award to be  transferred to PDMR	No. of  Shares sold	No. of Shares sold to cover tax liability	Price at which Shares sold	Net No. of Shares acquired
A J Ballance	2,371	N/A	1,219	£17.47	1,152
M J Kane	2,610	N/A	1,342	£17.47	1,268
M J E McKeon	5,998	N/A	3,083	£17.47	2,915
A P Smith	3,528	N/A	1,814	£17.47	1,714
A P Wray	8,892	N/A	4,570	£17.47	4,322

www.severntrent.com

 

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