Last checked at 23 Dec 2016 14:18
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.
Severn Trent Annual Bonus Scheme - 2013 Deferred Share Release
The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 22 December 2016 that it had on 22 December 2016 transferred the beneficial interest in a total of 32,478 Ordinary Shares of 9717/19p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below (the "PDMR Shares"), pursuant to awards made under the ABS in 2013.
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 | Number of Shares released* | 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 | 5,926 | 6,751 | N/A | 3,185 | £22.10 | 3,566 |
E Dickey | 2,626 | 2,991 | N/A | 1,411 | £22.10 | 1,580 |
M J Kane | 8,721 | 9,936 | N/A | 4,687 | £22.10 | 5,249 |
B Kennedy | 3,552 | 4,046 | N/A | 1,909 | £22.10 | 2,137 |
A P Smith | 7, 684 | 8,754 | N/A | 4,129 | £22.10 | 4,625 |
\* 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 following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
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 | Anthony Ballance | |||||||||||||||||||||||||
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 | N/A | |||||||||||||||||||||||||
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 | Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares. | |||||||||||||||||||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 6,751 / Price GBP Nil Sale: Volume 3,185 / Price GBP £22.10 Transfer: Volume 3,566 / Price GBP Nil | |||||||||||||||||||||||||
e) | Date of the transaction | 2016-12-22 | |||||||||||||||||||||||||
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 | Evelyn Dickey | |||||||||||||||||||||||||
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 | N/A | |||||||||||||||||||||||||
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 | Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares. | |||||||||||||||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 2,991 / Price GBP Nil Sale: Volume 1,411 / Price GBP £22.10 Transfer: Volume 1,580 / Price GBP Nil | |||||||||||||||||||||||||
e) | Date of the transaction | 2016-12-22 | |||||||||||||||||||||||||
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 | Martin Kane | |||||||||||||||||||||||||
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 | N/A | |||||||||||||||||||||||||
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 | Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares. | |||||||||||||||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 9,936 / Price GBP Nil Sale: Volume 4,687 / Price GBP £22.10 Transfer: Volume 5,249 / Price GBP Nil | |||||||||||||||||||||||||
e) | Date of the transaction | 2016-12-22 | |||||||||||||||||||||||||
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 | N/A | |||||||||||||||||||||||||
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 | Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares. | |||||||||||||||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 4,046 / Price GBP Nil Sale: Volume 1,909 / Price GBP £22.10 Transfer: Volume 2,137 / Price GBP Nil | |||||||||||||||||||||||||
e) | Date of the transaction | 2016-12-22 | |||||||||||||||||||||||||
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 | Andrew Smith | |||||||||||||||||||||||||
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 | N/A | |||||||||||||||||||||||||
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 | Following the release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares. | |||||||||||||||||||||||||
c) | Price(s) and volume(s) |
| |||||||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 8,754 / Price GBP Nil Sale: Volume 4,129 / Price GBP £22.10 Transfer: Volume 4,625 / Price GBP Nil | |||||||||||||||||||||||||
e) | Date of the transaction | 2016-12-22 | |||||||||||||||||||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | |||||||||||||||||||||||||
For further information please contact:
Ruban Chandran, Head of Investor Relations
07957 166 615
ruban.chandran@severntrent.co.uk
www.severntrent.com