Director/PDMR Shareholding

RNS Number : 1959V

Severn Trent PLC

19 July 2018

 

LEI: 213800RPBXRETY4A4C59

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.

Vesting of Shares under the Long Term Incentive Plan 2014 ("LTIP")

On 17 July 2018, the Trustee transferred the beneficial interest in a total of 3,867 Shares for nil consideration to a participant in the LTIP pursuant to an award made under the LTIP in 2015.

On 17 July 2018, the Company transferred a total of 173,678 Shares (which it held as treasury shares) for nil consideration to participants in the LTIP, pursuant to awards made under the LTIP in 2015, including 120,527 Shares to Directors and PDMRs as indicated in the table below.

Director / PDMR and date of award	Number of conditional shares awarded	Number of shares released to PDMR*	Number of shares sold to cover tax liability	Number of additional shares sold	Price at which shares sold	Net number of shares acquired
A Ballance PDMR (15.07.15)	8,081	9,000	4,327	N/A	£18.9027	4,673
S Bentley PDMR (15.07.15)	11,614	12,935	6,218	N/A	£18.9027	6,717
J Bowling Director (15.07.15)	14,890	16,583	7,972	N/A	£18.9027	8,610
O Garfield Director (15.07.15)	37,808	42,113	20,244	N/A	£18.9027	21,869
J Jesic PDMR (15.07.15)	1,861	2,070	996	N/A	£18.9027	1,074
M Kane PDMR (15.07.15)	9,824	10,940	5,259	N/A	£18.9027	5,681
B Kennedy PDMR (15.07.15)	6,733	7,497	3,604	N/A	£18.9027	3,893
H Miles PDMR (15.07.15)	6,910	7,694	3,699	N/A	£18.9027	3,995
A P Smith PDMR (15.07.15)	10,501	11,695	5,622	N/A	£18.9027	6,073

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

Notifications set out below, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

For further information please contact:

Richard Eadie, Head of Investor Relations

[phone]

[e-mail]

www.severntrent.com

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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 9,000 4,327 4,673
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 9,000 / Price GBP Nil Tax/NI Sale:  Volume 4,327 / Price GBP £18.9027 Transfer:  Volume 4,673 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	Sarah Bentley
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 12,935 6,218 6,717
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 12,935 / Price GBP Nil Tax/NI Sale:  Volume 6,218 / Price GBP £18.9027 Transfer:  Volume 6,717 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	James Bowling
2	Reason for the notification
a)	Position/status	Director
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 16,583 7,972 8,610
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 16,583 / Price GBP Nil Tax/NI Sale:  Volume 7,972 / Price GBP £18.9027 Transfer:  Volume 8,610 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	Olivia Garfield
2	Reason for the notification
a)	Position/status	Director
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 42,113 20,244 21,869
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 42,113 / Price GBP Nil Tax/NI Sale:  Volume 20,244 / Price GBP £18.9027 Transfer:  Volume 21,869 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	James Jesic
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 2,070 996 1,074
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 2,070 / Price GBP Nil Tax/NI Sale:  Volume 996 / Price GBP £18.9027 Transfer:  Volume 1,074 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability..
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 10,940 5,259 5,681
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 10,940 / Price GBP Nil Tax/NI Sale:  Volume 5,259  / Price GBP £18.9027 Transfer:  Volume 5,681 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 7,497 3,604 3,893
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 7,497 / Price GBP Nil Tax/NI Sale:  Volume 3,604 / Price GBP £18.9027 Transfer:  Volume 3,893 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	Helen Miles
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition upon transfer of treasury shares  Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 7,694 3,699 3,995
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 7,694 / Price GBP Nil Tax/NI Sale:  Volume 3,699 / Price GBP £18.9027 Transfer:  Volume 3,995 / Price GBP Nil
e)	Date of the transaction	2018-07-17
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	213800RPBXRETY4A4C59
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 transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £18.9027 Nil 11,695 5,622 6,073
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 11,695 / Price GBP Nil Tax/NI Sale:  Volume 5,622 / Price GBP £18.9027 Transfer:  Volume 6,073 / Price GBP Nil
e)	Date of the transaction	2018-07-17
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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