REG - Severn Trent PLC - Director/PDMR Shareholding

Severn TrentAnnouncement

15/07/2021 16:00

RNS Number : 4203F
  
Severn Trent PLC
  
15 July 2021
  
 

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.
 
On 14 July 2021, Severn Trent Plc granted awards over 202,105 Ordinary Shares under the terms of the Severn Trent Plc Long Term Incentive Plan 2021 (the "Plan") in line with the Directors' Remuneration Policy approved by shareholders at the Company's 2021 Annual General Meeting, including awards over 134,313 Ordinary Shares to Directors and Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below.  
 




Name 


Status


No. of LTIP Shares Subject to Award
 




O R Garfield


Director


55,461




J Bowling


Director


25,068




S Anderson


PDMR


6,131




J Jesic


PDMR


9,814




B Kennedy


PDMR


9,026




H Miles


PDMR


15,815




N Morrison


PDMR


7,513




R Stear


PDMR


5,485




 
These Ordinary Shares will vest on 24 July 2024, depending on the achievement of performance targets and service with the Company.  No consideration was paid for the grant of these awards and no payment is due on the release of any shares.  The share price used to calculate these awards was based on the average of the mid-market price for an Ordinary Share in the Company over 9, 12 and 13 July 2021.
The Remuneration Committee has the discretion to make downward or upward adjustments to the Vesting resulting from the application of the Performance Conditions if the Remuneration Committee believes that the outcomes are not a fair and accurate reflection of overall financial and operational performance, this includes consideration of any windfall gains resulting from share price volatility.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
 
For further information please contact:
Stuart Howell, Head of Investor Relations+44 (0)770 371 8361
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


55,461




 




d)


Aggregated information
- Aggregated volume
- Price






 


n/a (single transaction) 




 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


25,068




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


6,131




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


9,814




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


9,026




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


15,815




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


7,513




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 
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


Grant of conditional award under the Severn Trent Long Term Incentive Plan 2021




c) 


Price(s) and volume(s)






 


Price(s)


Volume(s)




 


Nil


5,485




 




d)


Aggregated information
- Aggregated volume
- Price


n/a (single transaction) 




e)


Date of the transaction


2021-07-14




f)


Place of the transaction


Outside a trading venue




 

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