Last checked at 1 Jul 2020 13:07
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 2017 ("ABS")
On 29 June 2020, 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 2017. A subsequent sale of shares to cover tax liabilities, plus a sale instruction, was completed on 30 June 2020 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 R Garfield Director (28.06.17) | 12,850 | 14,573 | 6,874 | 2470.52p | 7,699 |
J Bowling Director (28.06.17) | 7,693 | 8,723 | 4,115 | 2470.52p | 4,608 |
S Bentley PDMR (28.06.17) | 4,256 | 4,825 | 2,276 | 2470.52p | 2,549 |
B Kennedy PDMR (28.06.17) | 2,692 | 3,051 | 1,440 | 2470.52p | 1,611 |
H Miles PDMR (28.06.17) | 3,929 | 4,454 | 2,101 | 2470.52p | 2,353 |
A P Smith PDMR (28.06.17) | 5,070 | 5,747 | 2,711 | 2470.52p | 3,036 |
M J Kane PDMR (28.06.17) | 3,285 | 3,723 | 3,723 | 2470.52p | Nil |
Martin Kane elected to sell his balance shares and retired from the Company on the same day after 48 years' service. He continues to hold shares in the Company well in excess of the amount required of him as a PDMR under the Company's Mandatory Shareholding Requirements. All other PDMRs have retained their balance shares.
\* 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 for all PDMRs and, in the case of Martin Kane only, the sale of all 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:
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 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 14,573 / Price GBP Nil Tax/NI Sale: Volume 6,874 / Price GBP £24.7052 | ||||||||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sale 2020-06-30 | ||||||||||||
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 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 8,723 / Price GBP Nil Tax/NI Sale: Volume 4,115 / Price GBP £24.7052 | ||||||||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sale 2020-06-30 | ||||||||||||
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 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 4,825 / Price GBP Nil Tax/NI Sale: Volume 2,276 / Price GBP £24.7052 | ||||||||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sale 2020-06-30 | ||||||||||||
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 deferred share award granted under the Annual Bonus Scheme, the sale of shares to cover tax and national insurance liabilities and the sale of balance shares. | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 3,723 / Price GBP Nil Tax/NI Sale: Volume 1,682 / Price GBP £24.7052 Balance Sale: Volume 2,041 / Price GBP £24.7052 | ||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sales 2020-06-30 | ||||||
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 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 3,051 / Price GBP Nil Tax/NI Sale: Volume 1,440 / Price GBP £24.7052 | ||||||||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sale 2020-06-30 | ||||||||||||
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 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 4,454 / Price GBP Nil Tax/NI Sale: Volume 2,101 / Price GBP £24.7052 | ||||||||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sale 2020-06-30 | ||||||||||||
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 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) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 5,747 / Price GBP Nil Tax/NI Sale: Volume 2,711 / Price GBP £24.7052 | ||||||||||||
e) | Date of the transaction | Acquisition 2020-06-29 / Sale 2020-06-30 | ||||||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||