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3 Jul 2013 14:55
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.
The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 2 July 2013 that it had on 1 July 2013 transferred the beneficial interest in a total of 48,760 Ordinary Shares of 9717/19p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), including 43,411 Shares to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below, pursuant to awards made under the ABS in 2010.
PDMRs are potential beneficiaries under the Trust and, therefore, (except as disclosed below) their interests in shares held by the Trust ceased on such transfer.
Participant | Shares, subject to ABS Award, transferred to PDMR | No. of Shares sold | No. of Shares sold to cover tax liability | Price at which Shares sold | Net No. of Shares acquired |
A J Ballance | 4,863 | N/A | 2,294 | £16.733 | 2,569 |
M J Kane | 6,078 | N/A | 2,867 | £16.733 | 3,211 |
M J E McKeon | 12,167 | N/A | 5,739 | £16.733 | 6,428 |
A P Smith | 7,165 | N/A | 3,380 | £16.733 | 3,785 |
A P Wray | 13,138 | N/A | 6,197 | £16.733 | 6,941 |
www.severntrent.com
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