REG - Severn Trent PLC - Director/PDMR Shareholding
27/07/2023 11:15
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RNS Number : 4284H 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 60,483 67,451 31,833 2553.46p 35,618
Director
(16.06.20)
H Miles 16,393 18,279 8,627 2553.46p 9,652
Director
(16.06.20)
J Bowling 27,336 30,483 14,387 2553.46p 16,096
PDMR
(16.06.20)
S Anderson 5,255 5,858 2,765 2553.46p 3,093
PDMR
(16.06.20)
S Cawley 1,879 2,093 988 2553.46p 1,105
PDMR
(16.06.20)
J Jesic 9,285 10,353 4,886 2553.46p 5,467
PDMR
(16.06.20)
N Morrison 8,192 9,132 4,310 2553.46p 4,822
PDMR
(16.06.20)
R Stear 5,232 5,833 2,753 2553.46p 3,080
PDMR
(16.06.20)
*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
+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 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 Nil 67,451
Sale of shares to cover tax and NI liabilities
£25.5346 31,833
d) Aggregated information Acquisition: Volume 67,451 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 31,833 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 18,279
Sale of shares to cover tax and NI liabilities
£25.5346 8,627
d) Aggregated information Acquisition: Volume 18,279 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 8,627 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 30,483
Sale of shares to cover tax and NI liabilities
£25.5346 14,387
d) Aggregated information Acquisition: Volume 30,483 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 14,387 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 5,858
Sale of shares to cover tax and NI liabilities
£25.5346 2,765
d) Aggregated information Acquisition: Volume 5,858 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 2,765 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 2,093
Sale of shares to cover tax and NI liabilities
£25.5346 988
d) Aggregated information Acquisition: Volume 2,093 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 988 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 10,353
Sale of shares to cover tax and NI liabilities
£25.5346 4,886
d) Aggregated information Acquisition: Volume 10,353 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,886 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 9,132
Sale of shares to cover tax and NI liabilities
£25.5346 4,310
d) Aggregated information Acquisition: Volume 9,132 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,310 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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 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 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 Nil 5,833
Sale of shares to cover tax and NI liabilities
£25.5346 2,753
d) Aggregated information Acquisition: Volume 5,833 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 2,753 / Price GBP £25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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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