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Severn Trent PLC - Director/PDMR Shareholding

RNS Number : 5534Q
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.

 

Severn Trent Annual Bonus Scheme - 2020 Deferred Share Awards

 

Severn Trent Plc announces that, on 18 June 2020, deferred share awards over Ordinary Shares of 97 17/19 pence each ("Ordinary Shares") in the Company were granted to the Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company as set out below (the "PDMR Awards").

 

Name

Status

No. of Deferred Shares Subject to Award

O R Garfield

Director

13,418

J Bowling

Director

8,086

J Jesic

PDMR

1,961

B Kennedy

PDMR

5,459

H Miles

PDMR

6,061

N Morrison

PDMR

2,271

A P Smith

PDMR

5,857

R Stear

PDMR

1,658

TOTAL


44,771

 

These awards were granted under the terms of the Severn Trent Annual Bonus Scheme, in respect of the year ended 31 March 2020. 

 

The Ordinary Shares will vest on the third anniversary of grant subject to continued employment.  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.

 

As outlined in the Company's Annual Report and Accounts, the 2019/20 annual bonus for both the CEO and CFO will be paid wholly in shares, at their request.  50% of which is deferred for three years under the terms of the Annual Bonus Scheme (as shown in the above table). Acquisition of shares with the remaining 50% will be separately notified the week commencing 22 June 2020. Additionally, both the CEO and CFO elected to donate 25% of their salaries for three months to local charities in our region which are helping the response to COVID-19.

 

The Remuneration Committee has the discretion to reduce the number of deferred shares subject to award before vesting or claw back shares acquired (or their equivalent value) following vesting, including in circumstances where it is determined that windfall gains have resulted 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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

13,418

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

8,086

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

1,961

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

5,459

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

6,061

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

2,271

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

5,857

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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 deferred share award under the Severn Trent Annual Bonus Scheme

c)

Price(s) and volume(s)


Price(s)

Volume(s)


Nil

1,658

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-18

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.
 
END
 
 
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