REG - Severn Trent PLC - Director/PDMR Shareholding

Severn TrentAnnouncement

25/06/2020 16:15

RNS Number : 1279R
  
Severn Trent PLC
  
25 June 2020
  
 

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 23 June 2020, 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 2017, and subsequently sold Shares in order to cover tax 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
(20.06.17)


42,383


47,914


22,603


2511.28p


25,311




J Bowling
Director
(20.06.17)


17,028


19,248


9,080


2511.28p


10,168




S Anderson
PDMR
(20.06.17)


1,704


1,923


908


2511.28p


1,015




S Bentley
PDMR
(20.06.17)


10,851


12,264


5,786


2511.28p


6,478




J Jesic
PDMR
(20.06.17)


1,969


2,223


1,049


2511.28p


1,174




M Kane
PDMR
(20.06.17)


5,583


6,309


2,850


2511.28p


3,459




B Kennedy
PDMR
(20.06.17)


9,151


10,343


4,880


2511.28p


5,463




H Miles
PDMR
(20.06.17)


10,016


11,321


5,341


2511.28p


5,980




N Morrison
PDMR
(03.07.17)


5,830


6,588


3,108


2511.28p


3,480




A P Smith
PDMR
(20.06.17)


9,816


11,095


5,234


2511.28p


5,861




R Stear
PDMR
(20.06.17)


1,669


1,884


889


2511.28p


995




 
*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.
 
Notifications set out below, 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
+44 (0)7889 806578
Richard.eadie@severntrent.co.uk
 
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


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 and sale of shares to cover tax and national insurance liabilities. 




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
 
£25.1128


47,914
 
22,603








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 47,914 / Price GBP Nil
Tax/NI Sale:  Volume 22,603 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


Acquisition of shares on the vesting of a conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities.




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
 
 £25.1128


19,248
 
9,080








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 19,248 / Price GBP Nil
Tax/NI Sale:  Volume 9,080 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


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 and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


1,923
 
908








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 1,923 / Price GBP Nil
Tax/NI Sale:  Volume 908 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


Acquisition of shares on the vesting of a conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


12,264
 
5,786








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 12,264 / Price GBP Nil
Tax/NI Sale:  Volume 5,786 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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 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 and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


2,223
 
1,049








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 2,223 / Price GBP Nil
Tax/NI Sale:  Volume 1,049 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


Acquisition of shares on the vesting of a conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


6,309
 
2,850








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 6,309 / Price GBP Nil
Tax/NI Sale:  Volume 2,850  / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


Acquisition of shares on the vesting of a conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


10,343
 
4,880








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 10,343 / Price GBP Nil
Tax/NI Sale:  Volume 4,880 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


Acquisition of shares on the vesting of a conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


11,321
 
5,341








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 11,321 / Price GBP Nil
Tax/NI Sale:  Volume 5,341 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


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 and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


6,588
 
3,108 








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 6,588 / Price GBP Nil
Tax/NI Sale:  Volume 3,108 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


Acquisition of shares on the vesting of a conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


11,095
 
5,234








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 11,095 / Price GBP Nil
Tax/NI Sale:  Volume 5,234 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




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


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 and sale of shares to cover tax and national insurance liabilities. 




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
 
 £25.1128


1,884
 
889








d)


Aggregated information
- Aggregated volume
- Price


Acquisition:  Volume 1,884 / Price GBP Nil
Tax/NI Sale:  Volume 889 / Price GBP £25.1128




e)


Date of the transaction


2020-06-23




f)


Place of the transaction


London Stock Exchange, Main Market (XLON) 




 


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  END
 
 
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