Last checked at 25 Jun 2020 16:15
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 Long Term Incentive Plan 2014 ("LTIP")
On 23 June 2020, the following Directors and PDMRs received a transfer of Shares from the Company (which it held as treasury shares) for nil consideration on the vesting of awards made under the LTIP in 2017, and subsequently sold Shares in order to cover tax liabilities:
Director / PDMR (date of award) | Number of conditional shares awarded | Number of shares released to PDMR*
| Number of shares sold to cover tax liability | Price at which shares sold | Net number of shares acquired |
O Garfield Director (20.06.17) | 42,383 | 47,914 | 22,603 | 2511.28p | 25,311 |
J Bowling Director (20.06.17) | 17,028 | 19,248 | 9,080 | 2511.28p | 10,168 |
S Anderson PDMR (20.06.17) | 1,704 | 1,923 | 908 | 2511.28p | 1,015 |
S Bentley PDMR (20.06.17) | 10,851 | 12,264 | 5,786 | 2511.28p | 6,478 |
J Jesic PDMR (20.06.17) | 1,969 | 2,223 | 1,049 | 2511.28p | 1,174 |
M Kane PDMR (20.06.17) | 5,583 | 6,309 | 2,850 | 2511.28p | 3,459 |
B Kennedy PDMR (20.06.17) | 9,151 | 10,343 | 4,880 | 2511.28p | 5,463 |
H Miles PDMR (20.06.17) | 10,016 | 11,321 | 5,341 | 2511.28p | 5,980 |
N Morrison PDMR (03.07.17) | 5,830 | 6,588 | 3,108 | 2511.28p | 3,480 |
A P Smith PDMR (20.06.17) | 9,816 | 11,095 | 5,234 | 2511.28p | 5,861 |
R Stear PDMR (20.06.17) | 1,669 | 1,884 | 889 | 2511.28p | 995 |
\* The number of shares released includes additional shares calculated to reflect dividends declared during the period from grant until vesting, in accordance with the LTIP rules.
Notifications set out below, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
For further information please contact:
Richard Eadie, Head of Investor Relations
+44 (0)7889 806578
Richard.eadie@severntrent.co.uk
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 47,914 / Price GBP Nil Tax/NI Sale: Volume 22,603 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 19,248 / Price GBP Nil Tax/NI Sale: Volume 9,080 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 | Shane Anderson | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 1,923 / Price GBP Nil Tax/NI Sale: Volume 908 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 | Sarah Bentley | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 12,264 / Price GBP Nil Tax/NI Sale: Volume 5,786 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 2,223 / Price GBP Nil Tax/NI Sale: Volume 1,049 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 | 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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 6,309 / Price GBP Nil Tax/NI Sale: Volume 2,850 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 10,343 / Price GBP Nil Tax/NI Sale: Volume 4,880 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 11,321 / Price GBP Nil Tax/NI Sale: Volume 5,341 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 6,588 / Price GBP Nil Tax/NI Sale: Volume 3,108 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 | 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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 11,095 / Price GBP Nil Tax/NI Sale: Volume 5,234 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
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 conditional award granted under the LTIP and sale of shares to cover tax and national insurance liabilities. | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 1,884 / Price GBP Nil Tax/NI Sale: Volume 889 / Price GBP £25.1128 | ||||||||
e) | Date of the transaction | 2020-06-23 | ||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||