Director/PDMR Shareholding

Severn Trent PLC

29 July 2024

 

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 2021 ("LTIP")

On 25 July 2024, the following Directors and PDMRs received a transfer of Shares from the Company (which it held as treasury shares) for nil consideration on the vesting of awards made under the LTIP in 2021, and subsequently sold Shares in order to cover tax and national insurance liabilities:

Director / PDMR (date of award)	Number of conditional shares awarded	Number of shares released to PDMR*	Number of shares sold to cover tax liability	Price at which shares sold	Net number of shares acquired
O Garfield Director (14.07.21)	55,461	62,308	29,388	2499.7949p	32,920
H Miles Director (14.07.21)	15,815	17,765	8,379	2499.7949p	9,386
S Anderson PDMR (14.07.21)	6,131	6,885	3,248	2499.7949p	3,637
S Cawley PDMR (14.07.21)	1,899	2,130	1,005	2499.7949p	1,125
J Jesic PDMR (14.07.21)	9,814	11,024	5,200	2499.7949p	5,824
N Morrison PDMR (14.07.21)	7,513	8,438	3,980	2499.7949p	4,458
R Stear PDMR (14.07.21)	5,485	6,159	2,905	2499.7949p	3,254

*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.

The 2021 LTIP award made under the 2021 Remuneration Policy included a stretch award comparative element to Return on Regulatory Equity ('RoRE'), measured by Upper Quartile ('UQ') comparison against other Water and Sewerage Companies ('WaSCs'). As all WaSCs have now published their Annual Performance Reports, it has been determined that Severn Trent's three-year average RoRE during the performance period was UQ, meaning awards vested in full at 100%.

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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil £24.997949 62,308 29,388
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume  62,308 / Price GBP Nil Tax/NI Sale:  Volume 29,388 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil  £24.997949 17,765 8,379
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 17,765 / Price GBP Nil Tax/NI Sale:  Volume 8,379 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Shane Anderson
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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil  £24.997949 6,885 3,248
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,885 / Price GBP Nil Tax/NI Sale:  Volume 3,248 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephanie Cawley
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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil  £24.997949 2,130 1,005
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 2,130 / Price GBP Nil Tax/NI Sale:  Volume 1,005 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil  £24.997949 11,024 5,200
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 11,024 / Price GBP Nil Tax/NI Sale:  Volume 5,200 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil  £24.997949 8,438  3,980
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 8,438 / Price GBP Nil Tax/NI Sale:  Volume 3,980 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	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 conditional award granted under the LTIP in 2021 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 LTIP  Sale of shares to cover tax and NI liabilities Nil  £24.997949 6,159 2,905
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,159 / Price GBP Nil Tax/NI Sale:  Volume 2,905 / Price GBP £24.997949
e)	Date of the transaction	2024-07-25
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END