Annual Bonus Scheme - 2016 Deferred Share Release

RNS Number : 1941E

Severn Trent PLC

02 July 2019

 

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.

Severn Trent Annual Bonus Scheme - 2016 Deferred Share Release

The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 1 July 2019 that it had on 1 July 2019 transferred the beneficial interest in a total of 62,361 Ordinary Shares of 97^17/19p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), being Directors/Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below (the "PDMR Shares"), pursuant to awards made under the ABS in 2016.

Directors/PDMRs are potential beneficiaries under the Trust and, therefore, (except as disclosed below) their interests in shares held by the Trust ceased on such transfer.

Director / PDMR and date of award	Shares subject to ABS Award	Number of Shares released*	No. of Shares sold to cover tax liability	No. of  Additional Shares sold	Price at which Shares sold	Net No. of Shares acquired
A J Ballance PDMR (28.06.16)	5,873	6,620	3,123	N/A	£20.355	3,497
S Bentley PDMR (28.06.16)	3,920	4,419	2,085	N/A	£20.355	2,334
J Bowling Director (28.06.16)	9,634	10,860	5,123	N/A	£20.355	5,737
O R Garfield Director (28.06.16)	16,260	18,330	8,646	N/A	£20.355	9,684
M J Kane PDMR (28.06.16)	6,740	7,598	3,432	N/A	£20.355	4,166
B Kennedy PDMR (28.06.16)	3,306	3,726	1,758	N/A	£20.355	1,968
H Miles PDMR (28.06.16)	3,430	3,866	1,824	N/A	£20.355	2,042
A P Smith PDMR (28.06.16)	6,158	6,942	3,275	N/A	£20.355	3,667

*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 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	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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 6,620 3,123 3,497
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,620 / Price GBP Nil Tax/NI Sale:  Volume 3,123 / Price GBP £20.355 Transfer:  Volume 3,497 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 4,419  2,085 2,334
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 4,419 / Price GBP Nil Tax/NI Sale:  Volume 2,085 / Price GBP £20.355 Transfer:  Volume 2,334 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 10,860 5,123 5,737
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 10,860 / Price GBP Nil Tax/NI Sale:  Volume 5,123 / Price GBP £20.355 Transfer:  Volume 5,737 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 18,330  8,646 9,684
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 18,330 / Price GBP Nil Tax/NI Sale:  Volume 8,646 / Price GBP £20.355 Transfer:  Volume 9,684 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 7,598  3,432 4,166
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 7,598 / Price GBP Nil Tax/NI Sale:  Volume 3,432 / Price GBP £20.355 Transfer:  Volume 4,166 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 3,726   1,758 1,968
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 3,726 / Price GBP Nil                             Tax/NI Sale:  Volume 1,758 / Price GBP £20.355 Transfer:  Volume 1,968 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 3,866  1,824 2,042
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 3,866 / Price GBP Nil Tax/NI Sale:  Volume 1,824 / Price GBP £20.355 Transfer:  Volume 2,042 / Price GBP Nil
e)	Date of the transaction	2019-07-01
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 release from Trust of deferred shares granted on 28 June 2016 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)	Price(s) and volume(s)	Price(s) Volume(s) Acquisition of shares upon release of 2016 deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares Nil  £20.355 Nil 6,942   3,275 3,667
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,942  / Price GBP Nil Tax/NI Sale:  Volume 3,275 / Price GBP £20.355 Transfer:  Volume 3,667 Price GBP Nil
e)	Date of the transaction	2019-07-01
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

END

 

 

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