REG - Severn Trent PLC - Director/PDMR Shareholding
21/06/2023 17:15
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RNS Number : 4965D Severn Trent PLC 21 June 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 Severn Trent Annual Bonus Scheme 2019 ("ABS")
On 19 June 2023, following an instruction by the Trustee of the Severn Trent
Plc Employee Share Ownership Trust, Directors and PDMRs received a transfer of
Shares into their nominee CREST accounts for nil consideration on the vesting
of deferred share awards made under the ABS in 2020. A sale of shares to
cover tax liabilities completed the same day, as follows:
Director / PDMR Number of deferred shares awarded Number of shares released to PDMR* Number of shares sold** Price at which shares sold Net number of shares acquired
(date of award)
O Garfield 13,418 14,994 7,072 2709.1946p 7,922
Director
(18.06.20)
J Bowling 8,086 9,034 4,261 2709.1946p 4,773
Director
(18.06.20)
H Miles 6,061 6,771 3,194 2709.1946p 3,577
Director
(18.06.20)
J Jesic 1,961 2,188 1,033 2709.1946p 1,155
PDMR
(18.06.20)
N Morrison 2,271 2,535 1,196 2709.1946p 1,339
PDMR
(18.06.20)
R Stear 1,658 1,851 874 2709.1946p 977
PDMR
(18.06.20)
*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 number of shares sold includes shares sold to cover associated tax and
national insurance liabilities. All PDMRs elected to retain their balance
shares.
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 +44 (0) 782 462 4011
www.severntrent.com (http://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 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 2020 deferred share award granted
under the Annual Bonus Scheme 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 ABS award Nil 14,994
Sale of shares to cover tax and NI liabilities
£27.091946 7,072
d) Aggregated information Acquisition: Volume 14,994 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 7,072 / Price GBP £27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 14,994 / Price GBP Nil
Tax/NI Sale: Volume 7,072 / Price GBP £27.091946
e)
Date of the transaction
Acquisition 2023-06-19 / Sale 2023-06-19
f)
Place of the transaction
Outside a trading venue / 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 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 2020 deferred share award granted
under the Annual Bonus Scheme 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 ABS award Nil 9,034
Sale of shares to cover tax and NI liabilities
£27.091946 4,261
d) Aggregated information Acquisition: Volume 9,034 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,261 / Price GBP £27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 9,034 / Price GBP Nil
Tax/NI Sale: Volume 4,261 / Price GBP £27.091946
e)
Date of the transaction
Acquisition 2023-06-19 / Sale 2023-06-19
f)
Place of the transaction
Outside a trading venue / 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 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 2020 deferred share award granted
under the Annual Bonus Scheme 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 ABS award Nil 6,771
Sale of shares to cover tax and NI liabilities
£27.091946 3,194
d) Aggregated information Acquisition: Volume 6,771 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 3,194 / Price GBP £27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 6,771 / Price GBP Nil
Tax/NI Sale: Volume 3,194 / Price GBP £27.091946
e)
Date of the transaction
Acquisition 2023-06-19 / Sale 2023-06-19
f)
Place of the transaction
Outside a trading venue / 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 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 2020 deferred share award granted
under the Annual Bonus Scheme 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 ABS award Nil 2,188
Sale of shares to cover tax and NI liabilities
£27.091946 1,033
d) Aggregated information Acquisition: Volume 2,188 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,033 / Price GBP £27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,188 / Price GBP Nil
Tax/NI Sale: Volume 1,033 / Price GBP £27.091946
e)
Date of the transaction
Acquisition 2023-06-19 / Sale 2023-06-19
f)
Place of the transaction
Outside a trading venue / 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 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 2020 deferred share award granted
under the Annual Bonus Scheme 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 ABS award Nil 2,535
Sale of shares to cover tax and NI liabilities
£27.091946 1,196
d) Aggregated information Acquisition: Volume 2,535 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,196 / Price GBP £27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,535 / Price GBP Nil
Tax/NI Sale: Volume 1,196 / Price GBP £27.091946
e)
Date of the transaction
Acquisition 2023-06-19 / Sale 2023-06-19
f)
Place of the transaction
Outside a trading venue / 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 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 2020 deferred share award granted
under the Annual Bonus Scheme 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 ABS award Nil 1,851
Sale of shares to cover tax and NI liabilities
£27.091946 874
d) Aggregated information Acquisition: Volume 1,851 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 874 / Price GBP £27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 1,851 / Price GBP Nil
Tax/NI Sale: Volume 874 / Price GBP £27.091946
e)
Date of the transaction
Acquisition 2023-06-19 / Sale 2023-06-19
f)
Place of the transaction
Outside a trading venue / London Stock Exchange, Main Market (XLON)
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