Last checked at 19 Jul 2018 13:08
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 17 July 2018, the Trustee transferred the beneficial interest in a total of 3,867 Shares for nil consideration to a participant in the LTIP pursuant to an award made under the LTIP in 2015.
On 17 July 2018, the Company transferred a total of 173,678 Shares (which it held as treasury shares) for nil consideration to participants in the LTIP, pursuant to awards made under the LTIP in 2015, including 120,527 Shares to Directors and PDMRs as indicated in the table below.
Director / PDMR and date of award | Number of conditional shares awarded | Number of shares released to PDMR*
| Number of shares sold to cover tax liability | Number of additional shares sold | Price at which shares sold | Net number of shares acquired |
A Ballance PDMR (15.07.15) | 8,081
| 9,000 | 4,327 | N/A | £18.9027 | 4,673 |
S Bentley PDMR (15.07.15) | 11,614 | 12,935 | 6,218 | N/A | £18.9027 | 6,717 |
J Bowling Director (15.07.15) | 14,890 | 16,583 | 7,972 | N/A | £18.9027 | 8,610 |
O Garfield Director (15.07.15) | 37,808 | 42,113 | 20,244 | N/A | £18.9027 | 21,869 |
J Jesic PDMR (15.07.15) | 1,861 | 2,070 | 996 | N/A | £18.9027 | 1,074 |
M Kane PDMR (15.07.15) | 9,824 | 10,940 | 5,259 | N/A | £18.9027 | 5,681 |
B Kennedy PDMR (15.07.15) | 6,733 | 7,497 | 3,604 | N/A | £18.9027 | 3,893 |
H Miles PDMR (15.07.15) | 6,910 | 7,694 | 3,699 | N/A | £18.9027 | 3,995 |
A P Smith PDMR (15.07.15) | 10,501 | 11,695 | 5,622 | N/A | £18.9027 | 6,073 |
\* 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 | Anthony Ballance | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 9,000 / Price GBP Nil Tax/NI Sale: Volume 4,327 / Price GBP £18.9027 Transfer: Volume 4,673 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 12,935 / Price GBP Nil Tax/NI Sale: Volume 6,218 / Price GBP £18.9027 Transfer: Volume 6,717 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 16,583 / Price GBP Nil Tax/NI Sale: Volume 7,972 / Price GBP £18.9027 Transfer: Volume 8,610 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | 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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 42,113 / Price GBP Nil Tax/NI Sale: Volume 20,244 / Price GBP £18.9027 Transfer: Volume 21,869 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 2,070 / Price GBP Nil Tax/NI Sale: Volume 996 / Price GBP £18.9027 Transfer: Volume 1,074 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 10,940 / Price GBP Nil Tax/NI Sale: Volume 5,259 / Price GBP £18.9027 Transfer: Volume 5,681 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 7,497 / Price GBP Nil Tax/NI Sale: Volume 3,604 / Price GBP £18.9027 Transfer: Volume 3,893 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 7,694 / Price GBP Nil Tax/NI Sale: Volume 3,699 / Price GBP £18.9027 Transfer: Volume 3,995 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
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 | Following the transfer of treasury shares to satisfy a conditional award granted on 15 July 2015 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability. | ||||||||||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||||||||||
d) | Aggregated information - Aggregated volume - Price | Acquisition: Volume 11,695 / Price GBP Nil Tax/NI Sale: Volume 5,622 / Price GBP £18.9027 Transfer: Volume 6,073 / Price GBP Nil | ||||||||||||||||||||
e) | Date of the transaction | 2018-07-17 | ||||||||||||||||||||
f) | Place of the transaction | London Stock Exchange, Main Market (XLON) | ||||||||||||||||||||