Director/PDMR Shareholding

RNS Number : 7719S

Severn Trent PLC

23 December 2016

 

Severn Trent Plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

This notification is made in accordance with the Market Abuse Regulation.

Severn Trent Annual Bonus Scheme - 2013 Deferred Share Release

The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 22 December 2016 that it had on 22 December 2016 transferred the beneficial interest in a total of 32,478 Ordinary Shares of 97^17/19p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below (the "PDMR Shares"), pursuant to awards made under the ABS in 2013.

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 ABS Award	Number of Shares released*	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	5,926	6,751	N/A	3,185	£22.10	3,566
E Dickey	2,626	2,991	N/A	1,411	£22.10	1,580
M J Kane	8,721	9,936	N/A	4,687	£22.10	5,249
B Kennedy	3,552	4,046	N/A	1,909	£22.10	2,137
A P Smith	7, 684	8,754	N/A	4,129	£22.10	4,625

*The number of shares released includes additional shares calculated to reflect dividends declared during the period from grant until transfer, in accordance with the ABS plan rules.

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Anthony Ballance
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Severn Trent Plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 97 17/19 pence each in Severn Trent Plc Identification code for Severn Trent Plc shares: GB00B1FH8J72
b)	Nature of the transaction	Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £22.10 Nil 6,751 3,185 3,566
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,751 / Price GBP Nil Sale:  Volume 3,185 / Price GBP £22.10 Transfer:  Volume 3,566 / Price GBP Nil
e)	Date of the transaction	2016-12-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Evelyn Dickey
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Severn Trent Plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 97 17/19 pence each in Severn Trent Plc Identification code for Severn Trent Plc shares: GB00B1FH8J72
b)	Nature of the transaction	Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £22.10 Nil 2,991 1,411 1,580
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 2,991 / Price GBP Nil Sale:  Volume 1,411 / Price GBP £22.10 Transfer:  Volume 1,580 / Price GBP Nil
e)	Date of the transaction	2016-12-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Martin Kane
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Severn Trent Plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 97 17/19 pence each in Severn Trent Plc Identification code for Severn Trent Plc shares: GB00B1FH8J72
b)	Nature of the transaction	Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £22.10 Nil 9,936 4,687 5,249
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 9,936 / Price GBP Nil Sale:  Volume 4,687 / Price GBP £22.10 Transfer:  Volume 5,249 / Price GBP Nil
e)	Date of the transaction	2016-12-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bronagh Kennedy
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Severn Trent Plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 97 17/19 pence each in Severn Trent Plc Identification code for Severn Trent Plc shares: GB00B1FH8J72
b)	Nature of the transaction	Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £22.10 Nil 4,046 1,909 2,137
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 4,046 / Price GBP Nil Sale:  Volume 1,909 / Price GBP £22.10 Transfer:  Volume 2,137 / Price GBP Nil
e)	Date of the transaction	2016-12-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Smith
2	Reason for the notification
a)	Position/status	PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Severn Trent Plc
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 97 17/19 pence each in Severn Trent Plc Identification code for Severn Trent Plc shares: GB00B1FH8J72
b)	Nature of the transaction	Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £22.10 Nil 8,754 4,129 4,625
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 8,754 / Price GBP Nil Sale:  Volume 4,129 / Price GBP £22.10 Transfer:  Volume 4,625 / Price GBP Nil
e)	Date of the transaction	2016-12-22
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

For further information please contact:

Ruban Chandran, Head of Investor Relations

07957 166 615

[e-mail]

www.severntrent.com

 

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