17 Jun 2016 11:15
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 Shares under the Severn Trent Share Matching Plan ("SMP")
On 15 June 2016, the Trustee transferred the beneficial interest in a total of 2,931 Shares for nil consideration to participants in the SMP, pursuant to awards made under the SMP in 2013, including 1,893 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 | 394
| N/A | 186 | £22.10158
| 15.06.16 | 208 |
E Dickey | 174
| N/A | 83 | £22.10158
| 15.06.16 | 91 |
M Kane | 579 | N/A | 273 | £22.10158
| 15.06.16
| 306 |
B Kennedy | 236
| N/A | 112 | £22.10158
| 15.06.16 | 124 |
A P Smith | 510
| N/A | 240
| £22.10158
| 15.06.16 | 270 |
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 16 June 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
Severn Trent (SVT)