Director/PDMR Shareholding

Severn Trent PLC

27 July 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 Long Term Incentive Plan 2014 ("LTIP")

On 25 July 2023, 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 2020, 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 (16.06.20)	60,483	67,451	31,833	2553.46p	35,618
H Miles Director (16.06.20)	16,393	18,279	8,627	2553.46p	9,652
J Bowling PDMR (16.06.20)	27,336	30,483	14,387	2553.46p	16,096
S Anderson PDMR (16.06.20)	5,255	5,858	2,765	2553.46p	3,093
S Cawley PDMR (16.06.20)	1,879	2,093	988	2553.46p	1,105
J Jesic PDMR (16.06.20)	9,285	10,353	4,886	2553.46p	5,467
N Morrison PDMR (16.06.20)	8,192	9,132	4,310	2553.46p	4,822
R Stear PDMR (16.06.20)	5,232	5,833	2,753	2553.46p	3,080

*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 2020 LTIP award made under the 2018 Remuneration Policy introduced 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 2020 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 £25.5346 67,451 31,833
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume  67,451 / Price GBP Nil Tax/NI Sale:  Volume 31,833 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 2020 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  £25.5346 18,279 8,627
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 18,279 / Price GBP Nil Tax/NI Sale:  Volume 8,627 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 Bowling
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 2020 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  £25.5346 30,483 14,387
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 30,483 / Price GBP Nil Tax/NI Sale:  Volume 14,387 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 2020 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  £25.5346 5,858 2,765
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 5,858 / Price GBP Nil Tax/NI Sale:  Volume 2,765 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 2020 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  £25.5346 2,093 988
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 2,093 / Price GBP Nil Tax/NI Sale:  Volume 988 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 2020 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  £25.5346 10,353 4,886
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 10,353 / Price GBP Nil Tax/NI Sale:  Volume 4,886 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 2020 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  £25.5346 9,132  4,310
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 9,132 / Price GBP Nil Tax/NI Sale:  Volume 4,310 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
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 2020 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  £25.5346 5,833 2,753
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 5,833 / Price GBP Nil Tax/NI Sale:  Volume 2,753 / Price GBP £25.5346
e)	Date of the transaction	2023-07-25
f)	Place of the transaction	London Stock Exchange, Main Market (XLON)

 

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