focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSevern Trent Regulatory News (SVT)

Share Price Information for Severn Trent (SVT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,633.00
Bid: 2,626.00
Ask: 2,628.00
Change: -12.00 (-0.45%)
Spread: 2.00 (0.076%)
Open: 2,647.00
High: 2,653.00
Low: 2,624.00
Prev. Close: 2,645.00
SVT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Director/PDMR Shareholding

31 May 2016 12:13

RNS Number : 7444Z
Severn Trent PLC
31 May 2016
 

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS

DISCHARGING MANAGERIAL RESPONSIBILITY ("PDMRs") OR CONNECTED PERSONS

 

Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the

Disclosure Rules and Transparency Rules.

 

Vesting of Awards held by Executive Directors

 

In accordance with the terms of individual agreements between the Company and the following Executive Directors ("Agreements"), Shares have vested and on 26 May 2016 the independent trustee of the Severn Trent Plc Employee Share Ownership Trust ("Trustee") transferred the beneficial interest in a total of 73,974 Shares to the Executive Directors for nil consideration in satisfaction of the following Tranches of their Award.

 

Participant and date of individual Agreement

Number of Shares beneficially transferred to Executive Director

 

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

(29.05.15)

14,671

Tranche 2

N/A

6,908

£22.716

26.05.16

7,763

E FitzGerald

(21.07.15)

14,710

Tranche 1

N/A

6,926

£22.716

26.05.16

7,784

O Garfield

(04.06.14)

44,593

Tranche 3

N/A

20,995

£22.716

26.05.16

23,598

 

The transfer of the beneficial interest in the Shares by the Trustee to the Executive Directors and the subsequent sale of such Shares (as disclosed above) was notified to the Company by each of the Executive Directors on 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

 

Vesting of Awards held by PDMRs

 

In accordance with the terms of individual agreements between the Company and the following PDMRs, Shares have vested and on 26 May 2016 the independent trustee of the Severn Trent Plc Employee Share Ownership Trust ("Trustee") transferred the beneficial interest in a total of 6,475 Shares to the PDMRs for nil consideration in satisfaction of their Awards.

 

Participant and date of individual Agreement

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

S Bentley

(02.12.14)

3,885

N/A

1,830

£22.716

26.05.16

2,055

H Miles

(02.12.14)

2,590

N/A

1,220

£22.716

26.05.16

1,370

 

The transfer of the beneficial interest in the Shares by the Trustee to the PDRMs and the subsequent sale of such Shares (as disclosed above) was notified to the Company by each of the PDMRs on 27 May 2016 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 26 May 2015, the Trustee transferred the beneficial interest in a total of 8,029 Shares for nil consideration to Martin Kane, being a Person Discharging Managerial Responsibilities (PDMR), pursuant to awards made under the LTIP in 2013.

 

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

8,029

N/A

3,781

£22.716

26.05.16

4,248

 

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 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

 

On 26 May 2016, the Company transferred a total of 55,957 Shares (which it held as treasury shares) for nil consideration to participants in the LTIP, pursuant to awards made under the LTIP in 2013, including 26,297 Shares to PDMRs as indicated in the table below.

 

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

6,604

 

N/A

3,110

£22.716

1 Jun 2016

3,494

E Dickey

4,705

 

N/A

2,216

£22.716

1 Jun 2016

2,489

B Kennedy

6,405

 

N/A

3,016

£22.716

1 Jun 2016

3,389

A P Smith

8,583

 

N/A

4,041

 

£22.716

1 Jun 2016

4,542

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 27 May 2016 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

 

 

For further information please contact:

 

Ruban Chandran, Head of Investor Relations

07957 166 615

ruban.chandran@severntrent.co.uk

 

 

www.severntrent.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHAKDDDDBKDDPN
Date   Source Headline
30th Nov 20157:00 amRNSShare Repurchase Programme
26th Nov 20157:00 amRNSHalf Yearly Report
16th Nov 20157:00 amRNSTransaction in Own Shares
12th Nov 20155:00 pmRNSTransaction in Own Shares
11th Nov 20154:51 pmRNSTransaction in Own Shares
10th Nov 20155:24 pmRNSTransaction in Own Shares
10th Nov 20155:20 pmRNSTransaction in Own Shares
6th Nov 20155:07 pmRNSTransaction in Own Shares
5th Nov 20154:47 pmRNSTransaction in Own Shares
4th Nov 20155:56 pmRNSTransaction in Own Shares
3rd Nov 20155:05 pmRNSTransaction in Own Shares
2nd Nov 20155:45 pmRNSTransaction in Own Shares
2nd Nov 201512:58 pmRNSBlocklisting Interim Review
2nd Nov 20157:00 amRNSTransaction in Own Shares
2nd Nov 20157:00 amRNSTransaction in Own Shares
29th Oct 201512:43 pmRNSCorrection: Block Listing Six Monthly Return
28th Oct 20155:22 pmRNSTransaction in Own Shares
27th Oct 20155:15 pmRNSTransaction in Own Shares
26th Oct 20155:04 pmRNSTransaction in Own Shares
23rd Oct 20156:23 pmRNSTransaction in Own Shares
22nd Oct 20154:53 pmRNSTransaction in Own Shares
21st Oct 20155:01 pmRNSTransaction in Own Shares
20th Oct 20155:13 pmRNSTransaction in Own Shares
19th Oct 20154:53 pmRNSTransaction in Own Shares
16th Oct 20155:55 pmRNSTransaction in Own Shares
15th Oct 20155:48 pmRNSTransaction in Own Shares
14th Oct 20156:25 pmRNSTransaction in Own Shares
13th Oct 20155:16 pmRNSTransaction in Own Shares
12th Oct 20154:46 pmRNSTransaction in Own Shares
9th Oct 20155:08 pmRNSTransaction in Own Shares
8th Oct 20155:04 pmRNSTransaction in Own Shares
7th Oct 20155:07 pmRNSTransaction in Own Shares
6th Oct 20154:53 pmRNSTransaction in Own Shares
5th Oct 20155:25 pmRNSTransaction in Own Shares
2nd Oct 20154:52 pmRNSTransaction in Own Shares
2nd Oct 20153:52 pmRNSTotal Voting Rights
1st Oct 20155:11 pmRNSTransaction in Own Shares
30th Sep 20155:13 pmRNSTransaction in Own Shares
29th Sep 20155:32 pmRNSTransaction in Own Shares
28th Sep 20155:04 pmRNSTransaction in Own Shares
25th Sep 20155:09 pmRNSTransaction in Own Shares
24th Sep 20155:18 pmRNSTransaction in Own Shares
23rd Sep 20155:04 pmRNSTransaction in Own Shares
22nd Sep 20156:12 pmRNSTransaction in Own Shares
21st Sep 20155:07 pmRNSTransaction in Own Shares
18th Sep 20155:36 pmRNSTransaction in Own Shares
17th Sep 20155:00 pmRNSTransaction in Own Shares
16th Sep 20155:03 pmRNSTransaction in Own Shares
15th Sep 20154:59 pmRNSTransaction in Own Shares
14th Sep 20155:59 pmRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.