Director/PDMR Shareholding

RNS Number : 7444Z

Severn Trent PLC

31 May 2016

 

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") OR CONNECTED PERSONS

Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the

Disclosure Rules and Transparency Rules.

Vesting of Awards held by Executive Directors

In accordance with the terms of individual agreements between the Company and the following Executive Directors ("Agreements"), Shares have vested and on 26 May 2016 the independent trustee of the Severn Trent Plc Employee Share Ownership Trust ("Trustee") transferred the beneficial interest in a total of 73,974 Shares to the Executive Directors for nil consideration in satisfaction of the following Tranches of their Award.

Participant and date of individual Agreement	Number of Shares beneficially transferred to Executive Director	Number of Shares sold	No. of Shares sold to cover tax liability	Price at which Shares sold	Date of sale of such Shares	Net No. of Shares acquired
J Bowling (29.05.15)	14,671 Tranche 2	N/A	6,908	£22.716	26.05.16	7,763
E FitzGerald (21.07.15)	14,710 Tranche 1	N/A	6,926	£22.716	26.05.16	7,784
O Garfield (04.06.14)	44,593 Tranche 3	N/A	20,995	£22.716	26.05.16	23,598

The transfer of the beneficial interest in the Shares by the Trustee to the Executive Directors and the subsequent sale of such Shares (as disclosed above) was notified to the Company by each of the Executive Directors on 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

Vesting of Awards held by PDMRs

In accordance with the terms of individual agreements between the Company and the following PDMRs, Shares have vested and on 26 May 2016 the independent trustee of the Severn Trent Plc Employee Share Ownership Trust ("Trustee") transferred the beneficial interest in a total of 6,475 Shares to the PDMRs for nil consideration in satisfaction of their Awards.

Participant and date of individual Agreement	Number of Shares beneficially transferred to PDMR	Number of Shares sold	No. of Shares sold to cover tax liability	Price at which Shares sold	Date of sale of such Shares	Net No. of Shares acquired
S Bentley (02.12.14)	3,885	N/A	1,830	£22.716	26.05.16	2,055
H Miles (02.12.14)	2,590	N/A	1,220	£22.716	26.05.16	1,370

The transfer of the beneficial interest in the Shares by the Trustee to the PDRMs and the subsequent sale of such Shares (as disclosed above) was notified to the Company by each of the PDMRs on 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

Vesting of Shares under the Long Term Incentive Plan 2005 ("LTIP")

On 26 May 2015, the Trustee transferred the beneficial interest in a total of 8,029 Shares for nil consideration to Martin Kane, being a Person Discharging Managerial Responsibilities (PDMR), pursuant to awards made under the LTIP in 2013.

Participant	Number of Shares beneficially transferred to PDMR	Number of Shares sold	No. of Shares sold to cover tax liability	Price at which Shares sold	Date of Sale of such Shares	Net No. of Shares acquired
M J Kane	8,029	N/A	3,781	£22.716	26.05.16	4,248

The transfer of the beneficial interest in the Shares by the Trustee to Martin Kane and the subsequent sale of such Shares (as disclosed above) was notified to the Company by Martin Kane on 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

On 26 May 2016, the Company transferred a total of 55,957 Shares (which it held as treasury shares) for nil consideration to participants in the LTIP, pursuant to awards made under the LTIP in 2013, including 26,297 Shares to PDMRs as indicated in the table below.

Participant	Number of Shares transferred to PDMR	Number of Shares sold	No. of Shares sold to cover tax liability	Price at which Shares sold	Date of Sale of such Shares	Net No. of Shares acquired
A Ballance	6,604	N/A	3,110	£22.716	1 Jun 2016	3,494
E Dickey	4,705	N/A	2,216	£22.716	1 Jun 2016	2,489
B Kennedy	6,405	N/A	3,016	£22.716	1 Jun 2016	3,389
A P Smith	8,583	N/A	4,041	£22.716	1 Jun 2016	4,542

All of the persons identified in the preceding table notified the Company of the transfer of the Shares to them by the Company and the subsequent sale of such Shares (as disclosed above) on 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

For further information please contact:

Ruban Chandran, Head of Investor Relations

07957 166 615

[e-mail]

www.severntrent.com

 

END

 

 

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