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17 Jun 2013 14:20
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") has notified the Company that on 14 June 2013 it transferred the beneficial interest in a total of 82,918 Ordinary Shares of 9717/19p each in the Company (the "Shares") for nil consideration to participants in the Long Term Incentive Plan 2005 ("LTIP"), including 45,011 Shares to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below, pursuant to awards made under the LTIP 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 LTIP Award to be 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 | 4,492 | N/A | 2,152 | £17.57 | 2,340 |
M J Kane | 5,616 | N/A | 2,691 | £17.57 | 2,925 |
M J E McKeon | 11,367 | N/A | 5,446 | £17.57 | 5,921 |
A P Smith | 6,686 | N/A | 3,203 | £17.57 | 3,483 |
A P Wray | 16,850 | N/A | 8,072 | £17.57 | 8,778 |
www.severntrent.com
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