Form 8 (OPD) - Severn Trent PLC

RNS Number : 7226F

Severn Trent PLC

29 May 2013

 



FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Identity of the party to the offer making the disclosure:	Severn Trent Plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each party to the offer	Severn Trent Plc
(d) Is the party to the offer making the disclosure the offeror or the offeree?	OFFEREE
(e) Date position held:	28 May 2013
(f)  Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	NO

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security:	Ordinary Shares of 9717/19 pence each
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	-	0	-
(2) Derivatives (other than options):	0	-	0	-
(3) Options and agreements to purchase/sell:	0	-	0	-
TOTAL:	0	-	0	-

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	None
Details, including nature of the rights concerned and relevant percentages:	None

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(c)        Irrevocable commitments and letters of intent

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):

None

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe of any person acting in concert with the party to the offer making the disclosure:

3.1 Shares held by Directors of Severn Trent Plc Director Number of shares Percentage of issued share capital of 238,822,598 ordinary shares of 9717/19 pence each Dr Bernard Bulkin 554 0.00 Richard Davey 588 0.00 Andrew Duff* 3,500 0.00 Martin Lamb* 3,012 0.00 Baroness Noakes* 4,018 0.00 Gordon Fryett 1,149 0.00 Tony Ballance 9,172 0.00 Martin Kane* 16,674 0.01 Michael McKeon* 20,302 0.01 Andy Smith* 16,051 0.01 Tony Wray 27,542 0.01 * includes shares held by a close relative 3.2 Severn Trent Plc Directors' Share Options and Incentives Long Term Incentive Plan Director Date of grant Maximum outstanding awards (number of shares) Tony Ballance 21 June 2010 6,803 22 June 2011 6,525 19 June 2012 5,741 Martin Kane 21 June 2010 8,504 22 June 2011 7,121 19 June 2012 7,119 Michael McKeon 21 June 2010 17,211 22 June 2011 14,411 19 June 2012 12,684 Andy Smith 21 June 2010 10,124 22 June 2011 8,477 19 June 2012 7,460 Tony Wray 21 June 2010 25,512 22 June 2011 23,271 19 June 2012 21,875 Share Matching Plan Director Date of award Maximum outstanding awards (number of shares) Tony Ballance 21 May 2010 2,069 20 May 2011 1,868 25 May 2012 1,721 Martin Kane 21 May 2010 2,586 20 May 2011 2,131 25 May 2012 2,162 Michael McKeon 21 May 2010 5,177 20 May 2011 3,938 25 May 2012 3,685 Andy Smith 21 May 2010 3,049 20 May 2011 2,399 25 May 2012 2,234 Tony Wray 21 May 2010 5,591 20 May 2011 4,542 25 May 2012 4,733 Sharesave Scheme Director Number of shares under option Year of grant Exercise price (p) Date from which exercisable Expiry date Tony Ballance 561 2010 808 May 2013 Oct 2013 725 2013 1241 May 2016 Oct 2016 Martin Kane 449 2010 808 May 2013 Oct 2013 316 2011 1137 May 2014 Oct 2014 152 2012 1177 May 2015 Oct 2015 290 2013 1241 May 2016 Oct 2016 Michael McKeon 1,943 2009 862 May 2014 Oct 2014 Andy Smith 1,123 2010 808 May 2013 Oct 2013 7,25 2013 1241 May 2016 Oct 2016 Tony Wray 1,123 2010 808 May 2013 Oct 2013 725 2013 1241 May 2016 Oct 2016 Annual Bonus Scheme Director Date of grant Annual bonus deferred into shares Number of shares Deferred share award release date Tony Ballance 28 June 2010 £51,448 4,139 27 June 2013 30 June 2011 £51,823 3,736 29 June 2014 28 June 2012 £55,634 3,442 27 June 2015 Martin Kane 28 June 2010 £64,310 5,173 27 June 2013 30 June 2011 £59,119 4,262 29 June 2014 28 June 2012 £69,887 4,324 27 June 2015 Michael McKeon 28 June 2010 £128,724 10,355 27 June 2013 30 June 2011 £109,242 7,876 29 June 2014 28 June 2012 £119,108 7,370 27 June 2015 Andy Smith 28 June 2010 £75,810 6,098 27 June 2013 30 June 2011 £66,555 4,798 29 June 2014 28 June 2012 £72,210 4,468 27 June 2015 Tony Wray 28 June 2010 £138,996 11,182 27 June 2013 30 June 2011 £126,000 9,084 29 June 2014 28 June 2012 £152,988 9,467 27 June 2015 Equiniti Trust (Jersey) Ltd  holds 395,749 shares (0.17% of the issued share capital) for the Severn Trent Employee Share Ownership Trust 3.3 Advisers' non-exempt share interests Name Number of shares Percentage of issued share capital of 238,822,598 ordinary shares of 9717/19 pence each Barclays Bank Plc                                                              1,765 0.00 Barclays Wealth Trustees (Jersey) Ltd                    1,050 0.00

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3 for each additional class of relevant security.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it: If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	29 May 2013
Contact name:	Matt Armitage
Telephone number:	07889631234

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END

 

 

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