REG - Severn Trent PLC - Director/PDMR Shareholding
28/07/2022 14:15
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RNS Number : 1326U Severn Trent PLC 28 July 2022
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 26 July 2022, 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 2019, 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 69,411 77,550 37,222 2912.7827p 40,328
Director
(23.07.19)
J Bowling 31,367 35,043 16,820 2912.7827p 18,223
Director
(23.07.19)
S Anderson 2,463 2,749 1,320 2912.7827p 1,429
PDMR
(23.07.19)
J Jesic 7,843 8,759 4,205 2912.7827p 4,554
PDMR
(23.07.19)
B Kennedy 11,294 12,616 6,056 2912.7827p 6,560
PDMR
(23.07.19)
H Miles 16,460 18,387 8,826 2912.7827p 9,561
PDMR
(23.07.19)
N Morrison 9,400 10,499 5,040 2912.7827p 5,459
PDMR
(23.07.19)
R Stear 6,004 6,705 3,219 2912.7827p 3,486
PDMR
(23.07.19)
*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 2019 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
EU Market Abuse Regulation, give further detail.
For further information please contact:
Rachel Martin, Head of Investor Relations
+44 (0) 782 462 4011
www.severntrent.com (http://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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 77,550
Sale of shares to cover tax and NI liabilities
£29.127827 37,222
d) Aggregated information Acquisition: Volume 77,550 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 37,222 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 77,550 / Price GBP Nil
Tax/NI Sale: Volume 37,222 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 35,043
Sale of shares to cover tax and NI liabilities
£29.127827 16,820
d) Aggregated information Acquisition: Volume 35,043 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 16,820 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 35,043 / Price GBP Nil
Tax/NI Sale: Volume 16,820 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 2,749
Sale of shares to cover tax and NI liabilities
£29.127827 1,320
d) Aggregated information Acquisition: Volume 2,749 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,320 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,749 / Price GBP Nil
Tax/NI Sale: Volume 1,320 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 8,759
Sale of shares to cover tax and NI liabilities
£29.127827 4,205
d) Aggregated information Acquisition: Volume 8,759 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,205 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 8,759 / Price GBP Nil
Tax/NI Sale: Volume 4,205 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 12,616
Sale of shares to cover tax and NI liabilities
£29.127827 6,056
d) Aggregated information Acquisition: Volume 12,616 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 6,056 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 12,616 / Price GBP Nil
Tax/NI Sale: Volume 6,056 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 18,387
Sale of shares to cover tax and NI liabilities
£29.127827 8,826
d) Aggregated information Acquisition: Volume 18,387 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 8,826 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 18,387 / Price GBP Nil
Tax/NI Sale: Volume 8,826 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 10,499
Sale of shares to cover tax and NI liabilities
£29.127827 5,040
d) Aggregated information Acquisition: Volume 10,499 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 5,040 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 10,499 / Price GBP Nil
Tax/NI Sale: Volume 5,040 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
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 Ordinary Shares of 97 17/19 pence each in Severn Trent Plc
Identification code 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 2019 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 Nil 6,705
Sale of shares to cover tax and NI liabilities
£29.127827 3,219
d) Aggregated information Acquisition: Volume 6,705 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 3,219 / Price GBP £29.127827
- Price
e) Date of the transaction 2022-07-26
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 6,705 / Price GBP Nil
Tax/NI Sale: Volume 3,219 / Price GBP £29.127827
e)
Date of the transaction
2022-07-26
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
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