Director/PDMR Shareholding

RNS Number : 7402R

Severn Trent PLC

01 July 2020

 

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 Severn Trent Annual Bonus Scheme 2017 ("ABS")

On 29 June 2020, following an instruction by the Trustee of the Severn Trent Plc Employee Share Ownership Trust, Directors and PDMRs received a transfer of Shares for nil consideration on the vesting of deferred share awards made under the ABS in 2017.  A subsequent sale of shares to cover tax liabilities, plus a sale instruction, was completed on 30 June 2020 as follows:

Director / PDMR  (date of award)	Number of deferred shares awarded	Number of shares released to PDMR*	Number of shares sold **	Price at which shares sold	Net number of shares acquired
O R Garfield Director (28.06.17)	12,850	14,573	6,874	2470.52p	7,699
J Bowling Director (28.06.17)	7,693	8,723	4,115	2470.52p	4,608
S Bentley PDMR (28.06.17)	4,256	4,825	2,276	2470.52p	2,549
B Kennedy PDMR (28.06.17)	2,692	3,051	1,440	2470.52p	1,611
H Miles PDMR (28.06.17)	3,929	4,454	2,101	2470.52p	2,353
A P Smith PDMR (28.06.17)	5,070	5,747	2,711	2470.52p	3,036
M J Kane PDMR (28.06.17)	3,285	3,723	3,723	2470.52p	Nil

Martin Kane elected to sell his balance shares and retired from the Company on the same day after 48 years' service.  He continues to hold shares in the Company well in excess of the amount required of him as a PDMR under the Company's Mandatory Shareholding Requirements.  All other PDMRs have retained their balance shares.

*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 number of shares sold includes shares sold to cover associated tax and national insurance liabilities for all PDMRs and, in the case of Martin Kane only, the sale of all balance shares.

The following notifications, 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	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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS award Sale of shares to cover tax and NI liabilities Nil £24.7052 14,573 6,874
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 14,573 / Price GBP Nil Tax/NI Sale:  Volume 6,874 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sale 2020-06-30
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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS award  Sale of shares to cover tax and NI liabilities Nil  24.7052 8,723 4,115
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 8,723 / Price GBP Nil Tax/NI Sale:  Volume 4,115 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sale 2020-06-30
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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS award Sale of shares to cover tax and NI liabilities Nil  24.7052 4,825 2,276
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 4,825 / Price GBP Nil Tax/NI Sale:  Volume 2,276 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sale 2020-06-30
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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme, the sale of shares to cover tax and national insurance liabilities and the sale of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS Award Sale of shares to cover tax and NI liabilities Sale of balance shares Nil  24.7052  24.7052 3,723 1,682 2,041
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 3,723 / Price GBP Nil Tax/NI Sale:  Volume 1,682 / Price GBP £24.7052 Balance Sale:  Volume 2,041 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sales 2020-06-30
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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS award Sale of shares to cover tax and NI liabilities Nil  24.7052 3,051 1,440
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 3,051 / Price GBP Nil Tax/NI Sale:  Volume 1,440 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sale 2020-06-30
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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS award Sale of shares to cover tax and NI liabilities Nil  24.7052 4,454 2,101
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 4,454 / Price GBP Nil Tax/NI Sale:  Volume 2,101 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sale 2020-06-30
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	Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares on vesting of ABS award  Sale of shares to cover tax and NI liabilities Nil  24.7052 5,747 2,711
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 5,747 / Price GBP Nil Tax/NI Sale:  Volume 2,711 / Price GBP £24.7052
e)	Date of the transaction	Acquisition 2020-06-29 / Sale 2020-06-30
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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