REG - Severn Trent PLC - Director/PDMR Shareholding
29/07/2024 14:45
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RNS Number : 2426Y Severn Trent PLC 29 July 2024
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 2021 ("LTIP")
On 25 July 2024, 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 2021, 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 55,461 62,308 29,388 2499.7949p 32,920
Director
(14.07.21)
H Miles 15,815 17,765 8,379 2499.7949p 9,386
Director
(14.07.21)
S Anderson 6,131 6,885 3,248 2499.7949p 3,637
PDMR
(14.07.21)
S Cawley 1,899 2,130 1,005 2499.7949p 1,125
PDMR
(14.07.21)
J Jesic 9,814 11,024 5,200 2499.7949p 5,824
PDMR
(14.07.21)
N Morrison 7,513 8,438 3,980 2499.7949p 4,458
PDMR
(14.07.21)
R Stear 5,485 6,159 2,905 2499.7949p 3,254
PDMR
(14.07.21)
*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 2021 LTIP award made under the 2021 Remuneration Policy included 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 2021 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 62,308
Sale of shares to cover tax and NI liabilities
£24.997949 29,388
d) Aggregated information Acquisition: Volume 62,308 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 29,388 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 62,308 / Price GBP Nil
Tax/NI Sale: Volume 29,388 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
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 2021 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 17,765
Sale of shares to cover tax and NI liabilities
£24.997949 8,379
d) Aggregated information Acquisition: Volume 17,765 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 8,379 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 17,765 / Price GBP Nil
Tax/NI Sale: Volume 8,379 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
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 2021 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 6,885
Sale of shares to cover tax and NI liabilities
£24.997949 3,248
d) Aggregated information Acquisition: Volume 6,885 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 3,248 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 6,885 / Price GBP Nil
Tax/NI Sale: Volume 3,248 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
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 2021 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 2,130
Sale of shares to cover tax and NI liabilities
£24.997949 1,005
d) Aggregated information Acquisition: Volume 2,130 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,005 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,130 / Price GBP Nil
Tax/NI Sale: Volume 1,005 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
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 2021 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 11,024
Sale of shares to cover tax and NI liabilities
£24.997949 5,200
d) Aggregated information Acquisition: Volume 11,024 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 5,200 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 11,024 / Price GBP Nil
Tax/NI Sale: Volume 5,200 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
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 2021 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 8,438
Sale of shares to cover tax and NI liabilities
£24.997949 3,980
d) Aggregated information Acquisition: Volume 8,438 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 3,980 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 8,438 / Price GBP Nil
Tax/NI Sale: Volume 3,980 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
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 2021 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 6,159
Sale of shares to cover tax and NI liabilities
£24.997949 2,905
d) Aggregated information Acquisition: Volume 6,159 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 2,905 / Price GBP £24.997949
- Price
e) Date of the transaction 2024-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 6,159 / Price GBP Nil
Tax/NI Sale: Volume 2,905 / Price GBP £24.997949
e)
Date of the transaction
2024-07-25
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
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