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3 Jun 2015 10:18
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.
Vesting of an Award held by James Bowling
On 1 June 2015, in accordance with the terms of an agreement between the Company and James Bowling (Executive Director of the Company) dated 29 May 2015 ("Agreement"), 14,115 Shares vested pursuant to Tranche 1 of the Award and on 1 June 2015, the independent trustee of the Severn Trent Plc Employee Share Ownership Trust ("Trustee") transferred the beneficial interest in a total of 14,115 Shares to James Bowling for nil consideration in satisfaction of Tranche 1 of the Award.
Participant | Number of Shares beneficially transferred to PDMR
| Number of Shares sold | No. of Shares sold to cover tax liability | Price at which Shares sold | Date of sale of such Shares | Net No. of Shares acquired |
J Bowling | 14,115 | N/A | 6,615 | £22.1075 | 1 Jun 2015 | 7,500 |
The transfer of the beneficial interest in the Shares by the Trustee to James Bowling and the subsequent sale of such Shares (as disclosed above) was notified to the Company by James Bowling on 2 June 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.
Vesting of an Award held by Olivia Garfield
On 1 June 2015, in accordance with the terms of an agreement between the Company and Olivia Garfield (Executive Director of the Company) dated 4 June 2014 ("Agreement"), 42,966 Shares vested pursuant to the Agreement and on 1 June 2015, the Trustee transferred the beneficial interest in a total of 42,966 Shares to Olivia Garfield for nil consideration to satisfy such vesting.
Participant | Number of Shares beneficially transferred to PDMR
| Number of Shares sold | No. of Shares sold to cover tax liability | Price at which Shares sold | Date of Sale of such Shares | Net No. of Shares acquired |
O R Garfield | 42,966 | N/A | 19,622 | £22.1075 | 1 Jun 2015 | 23,344 |
The transfer of the beneficial interest in the Shares by the Trustee to Olivia Garfield and the subsequent sale of such Shares (as disclosed above) was notified to the Company by Olivia Garfield on 2 June 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.
Vesting of Shares under the Long Term Incentive Plan 2005 ("LTIP")
On 1 June 2015, the Trustee transferred the beneficial interest in a total of 8,344 Shares for nil consideration to Martin Kane, being a Person Discharging Managerial Responsibilities (PDMR), pursuant to awards made under the LTIP in 2012.
Participant | Number of Shares beneficially transferred to PDMR
| Number of Shares sold | No. of Shares sold to cover tax liability | Price at which Shares sold | Date of Sale of such Shares | Net No. of Shares acquired |
M J Kane | 8,344 | N/A | 3,811 | £22.1075 | 1 Jun 2015 | 4,533 |
The transfer of the beneficial interest in the Shares by the Trustee to Martin Kane and the subsequent sale of such Shares (as disclosed above) was notified to the Company by Martin Kane on 2 June 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.
On 1 June 2015, the Company transferred a total of 26,791 Shares (which it held as treasury shares) for nil consideration to the following participants in the LTIP, each being a PDMR, pursuant to awards made under the LTIP in 2012.
Participant | Number of Shares transferred to PDMR
| Number of Shares sold | No. of Shares sold to cover tax liability | Price at which Shares sold | Date of Sale of such Shares | Net No. of Shares acquired |
A Ballance | 6,729
| N/A | 3,073 | £22.1075 | 1 Jun 2015 | 3,656 |
E Dickey | 4,793
| N/A | 2,189 | £22.1075 | 1 Jun 2015 | 2,604 |
B Kennedy | 6,526
| N/A | 2,981 | £22.1075 | 1 Jun 2015 | 3,545 |
A P Smith | 8,743
| N/A | 3,993
| £22.1075 | 1 Jun 2015 | 4,750 |
All of the persons identified in the preceding table notified the Company of the transfer of the Shares to them by the Company and the subsequent sale of such Shares (as disclosed above) on 2 June 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.
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