leadf
logo-loader
RNS
viewSevern Trent

Severn Trent PLC - Director/PDMR Shareholding

RNS Number : 9794Q
Severn Trent PLC
24 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.

 

Acquisition of Shares by Executive Directors

 

As outlined in the Company's Annual Report and Accounts, the 2019/20 annual bonus for both the CEO and CFO was to be paid wholly in shares, at their request.  Under the terms of the Annual Bonus Scheme (reference announcement as at 19 June 2020), deferred share awards were granted on 18 June 2020 representing 50% of the CEO's and CFO's annual bonus.  The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 19 June 2020 that it had on 19 June 2020 acquired shares on behalf of the CEO and CFO with the remaining 50% of their bonus. 

 

On 23 June 2020, the CEO and CFO notified the following transactions and their resultant holding of Ordinary Shares in Severn Trent Plc.

 

Director

Purchase date

No. of shares acquired

Price paid per share (p)

Resultant interest in shares

O Garfield (CEO)

19 June 2020

12,568

2542.28p

193,290

J Bowling (CFO)

19 June 2020

7,574

2542.28p

57,400

 

 

The attached notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives 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

Acquisition of ordinary shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


25.4228

12,568

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-19

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

Acquisition of ordinary shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)


25.4228

7,574

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

 

e)

Date of the transaction

2020-06-19

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 


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
 
 
DSHKKQBPQBKDAAB

Quick facts: Severn Trent

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

5 min read