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Severn Trent PLC - Director/PDMR Shareholding

RNS Number : 5470Q
Severn Trent PLC
19 June 2020
 

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.

 

On 16 June 2020, Severn Trent Plc granted awards over 218,621 Ordinary Shares under the terms of the Severn Trent Plc Long Term Incentive Plan 2014 (the "Plan") in line with the Directors' Remuneration Policy approved by shareholders at the Company's 2018 Annual General Meeting, including awards over 152,581 Ordinary Shares to Directors and Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below. 

 

Name

Status

No. of LTIP Shares Subject to Award

 

O R Garfield

Director

60,483

J Bowling

Director

27,336

S Anderson

PDMR

5,255

J Jesic

PDMR

9,285

B Kennedy

PDMR

9,844

H Miles

PDMR

16,393

N Morrison

PDMR

8,192

A P Smith

PDMR

10,561

R Stear

PDMR

5,232

 

These Ordinary Shares will vest on 24 July 2023, depending on the achievement of performance targets and service with the Company.  No consideration was paid for the grant of these awards and no payment is due on the release of any shares.  The share price used to calculate these awards was based on the average of the mid-market price for an Ordinary Share in the Company over 11, 12 and 15 June 2020.

The Remuneration Committee has the discretion to make downward or upward adjustments to the Vesting resulting from the application of the Performance Conditions if the Remuneration Committee believes that the outcomes are not a fair and accurate reflection of overall financial and operational performance, this includes consideration of any windfall gains resulting from share price volatility.

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

[email protected]

 

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

60,483

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a (single transaction)

 

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

27,336

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Shane Anderson

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

5,255

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

9,285

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

9,844

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

16,393

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Neil Morrison

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

8,192

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

10,561

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 

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

Robert Stear

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

Grant of conditional award under the Severn Trent Long Term Incentive Plan 2014

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

 

Nil

5,232

 

d)

Aggregated information

- Aggregated volume

- Price

n/a (single transaction)

e)

Date of the transaction

2020-06-16

f)

Place of the transaction

Outside a trading venue

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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