Director/PDMR Shareholding

Severn Trent PLC

21 June 2023

 

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 2019 ("ABS")

On 19 June 2023, following an instruction by the Trustee of the Severn Trent Plc Employee Share Ownership Trust, Directors and PDMRs received a transfer of Shares into their nominee CREST accounts for nil consideration on the vesting of deferred share awards made under the ABS in 2020.  A sale of shares to cover tax liabilities completed the same day, 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 Garfield Director (18.06.20)	13,418	14,994	7,072	2709.1946p	7,922
J Bowling Director (18.06.20)	8,086	9,034	4,261	2709.1946p	4,773
H Miles Director (18.06.20)	6,061	6,771	3,194	2709.1946p	3,577
J Jesic PDMR (18.06.20)	1,961	2,188	1,033	2709.1946p	1,155
N Morrison PDMR (18.06.20)	2,271	2,535	1,196	2709.1946p	1,339
R Stear PDMR (18.06.20)	1,658	1,851	874	2709.1946p	977

*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.  All PDMRs elected to retain their balance shares.

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

For further information please contact:

Rachel Martin, Head of Investor Relations [phone]

www.severntrent.com

The attached notifications, made in accordance with the requirements of the UK Market Abuse Regulation, give further details.

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 2020 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.
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 £27.091946 14,994 7,072
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 14,994 / Price GBP Nil Tax/NI Sale:  Volume 7,072 / Price GBP £27.091946
e)	Date of the transaction	Acquisition 2023-06-19 / Sale 2023-06-19
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

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 2020 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.
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 £27.091946 9,034 4,261
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 9,034 / Price GBP Nil Tax/NI Sale:  Volume 4,261 / Price GBP £27.091946
e)	Date of the transaction	Acquisition 2023-06-19 / Sale 2023-06-19
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Helen Miles
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 2020 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.
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 £27.091946 6,771 3,194
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,771 / Price GBP Nil Tax/NI Sale:  Volume 3,194 / Price GBP £27.091946
e)	Date of the transaction	Acquisition 2023-06-19 / Sale 2023-06-19
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

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	Acquisition of shares on the vesting of a 2020 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.
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 £27.091946 2,188 1,033
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 2,188 / Price GBP Nil Tax/NI Sale:  Volume 1,033 / Price GBP £27.091946
e)	Date of the transaction	Acquisition 2023-06-19 / Sale 2023-06-19
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Neil Morrison
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 2020 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.
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 £27.091946  2,535 1,196
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 2,535 / Price GBP Nil Tax/NI Sale:  Volume 1,196 / Price GBP £27.091946
e)	Date of the transaction	Acquisition 2023-06-19 / Sale 2023-06-19
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Robert Stear
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 2020 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.
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 £27.091946 1,851 874
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 1,851 / Price GBP Nil Tax/NI Sale:  Volume 874 / Price GBP £27.091946
e)	Date of the transaction	Acquisition 2023-06-19 / Sale 2023-06-19
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

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