Director/PDMR Shareholding

RNS Number : 8046P
Severn Trent PLC
22 June 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 Severn Trent Annual Bonus Scheme 2019 ("ABS")

 

On 20 June 2022, following an instruction by the Trustee of the Severn Trent Plc Employee Share Ownership Trust, Directors and PDMRs received a transfer of Shares for nil consideration on the vesting of deferred share awards made under the ABS in 2019.  A subsequent sale of shares to cover tax liabilities, was completed on

20 June 2022 as follows:

 

Director / PDMR 

(date of award)

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

O Garfield

Director

(18.06.19)

12,159

13,627

6,599

2796.1743p

7,028

J Bowling

Director

(18.06.19)

7,326

8,209

3,975

2796.1743p

4,234

J Jesic

PDMR

(18.06.19)

1,719

1,924

932

2796.1743p

992

B Kennedy

PDMR

(18.06.19)

4,946

5,540

2,683

2796.1743p

2,857

H Miles

PDMR

(18.06.19)

5,492

6,153

2,980

2796.1743p

3,173

N Morrison

PDMR

(18.06.19)

2,060

2,306

1,117

2796.1743p

1,189

R Stear

PDMR

(18.06.19)

605

676

328

2796.1743p

348

 

*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.

The following notifications, 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

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award

Nil

13,627

Sale of shares to cover tax and NI liabilities

£27.961743

6,599

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 13,627 / Price GBP Nil

Tax/NI Sale:  Volume 6,599 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award 

Nil

 

8,209

Sale of shares to cover tax and NI liabilities

£27.961743

3,975

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 8,209 / Price GBP Nil

Tax/NI Sale:  Volume 3,975 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award

Nil

1,924

Sale of shares to cover tax and NI liabilities

£27.961743

932

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 1,924 / Price GBP Nil

Tax/NI Sale:  Volume 932 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award

Nil

5,540

Sale of shares to cover tax and NI liabilities

£27.961743

2,683

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 5,540 / Price GBP Nil

Tax/NI Sale:  Volume 2,683 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award

Nil

6,153

Sale of shares to cover tax and NI liabilities

£27.961743

2,980

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,153 / Price GBP Nil

Tax/NI Sale:  Volume 2,980 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award 

Nil

2,306

Sale of shares to cover tax and NI liabilities

£27.961743

1,117

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 2,306 / Price GBP Nil

Tax/NI Sale:  Volume 1,117 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

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

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

Identification code for Severn Trent Plc shares: GB00B1FH8J72

b)

Nature of the transaction

Acquisition of shares on the vesting of a 2019 deferred share award granted under the Annual Bonus Scheme 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 ABS award

Nil

676

Sale of shares to cover tax and NI liabilities

£27.961743

328

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 676 / Price GBP Nil

Tax/NI Sale:  Volume 328 / Price GBP £27.961743

e)

Date of the transaction

Acquisition 2022-06-20 / Sale 2022-06-20

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

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Companies

Severn Trent (SVT)
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