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Severn Trent PLC - Director/PDMR Shareholding

RNS Number : 7402R
Severn Trent PLC
01 July 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.

 

Vesting of Shares under the Severn Trent Annual Bonus Scheme 2017 ("ABS")

 

On 29 June 2020, following an instruction by the Trustee of the Severn Trent Plc Employee Share Ownership Trust, Directors and PDMRs received a transfer of Shares for nil consideration on the vesting of deferred share awards made under the ABS in 2017.  A subsequent sale of shares to cover tax liabilities, plus a sale instruction, was completed on 30 June 2020 as follows:

 

Director / PDMR 

(date of award)

Number of deferred shares awarded

Number of shares released to PDMR*

 

Number of shares sold**

Price at which shares sold

Net number of shares acquired

O R Garfield

Director

(28.06.17)

12,850

14,573

6,874

2470.52p

7,699

J Bowling

Director

(28.06.17)

7,693

8,723

4,115

2470.52p

4,608

S Bentley

PDMR

(28.06.17)

4,256

4,825

2,276

2470.52p

2,549

B Kennedy

PDMR

(28.06.17)

2,692

3,051

1,440

2470.52p

1,611

H Miles

PDMR

(28.06.17)

3,929

4,454

2,101

2470.52p

2,353

A P Smith

PDMR

(28.06.17)

5,070

5,747

2,711

2470.52p

3,036

M J Kane

PDMR

(28.06.17)

3,285

3,723

3,723

2470.52p

Nil

 

Martin Kane elected to sell his balance shares and retired from the Company on the same day after 48 years' service.  He continues to hold shares in the Company well in excess of the amount required of him as a PDMR under the Company's Mandatory Shareholding Requirements.  All other PDMRs have retained their balance shares.

 

*The number of shares released includes additional shares calculated to reflect dividends declared during the period from grant until transfer, in accordance with the ABS plan rules.

**The number of shares sold includes shares sold to cover associated tax and national insurance liabilities for all PDMRs and, in the case of Martin Kane only, the sale of all balance shares.

 

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

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

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 shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS award

Sale of shares to cover tax and NI liabilities

Nil

 

£24.7052

14,573

 

6,874

       

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 14,573 / Price GBP Nil

Tax/NI Sale:  Volume 6,874 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sale 2020-06-30

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 shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS award 

Sale of shares to cover tax and NI liabilities

Nil

 

 £24.7052

8,723

 

4,115

       

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 8,723 / Price GBP Nil

Tax/NI Sale:  Volume 4,115 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sale 2020-06-30

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

Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS award

Sale of shares to cover tax and NI liabilities

Nil

 

 £24.7052

4,825

 

2,276

       

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 4,825 / Price GBP Nil

Tax/NI Sale:  Volume 2,276 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sale 2020-06-30

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

Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme, the sale of shares to cover tax and national insurance liabilities and the sale of balance shares.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS Award

Sale of shares to cover tax and NI liabilities

Sale of balance shares

Nil

 

 £24.7052

 £24.7052

3,723

 

1,682

2,041

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 3,723 / Price GBP Nil

Tax/NI Sale:  Volume 1,682 / Price GBP £24.7052

Balance Sale:  Volume 2,041 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sales 2020-06-30

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

Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS award

Sale of shares to cover tax and NI liabilities

Nil

 

 £24.7052

3,051

 

1,440

       

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 3,051 / Price GBP Nil

Tax/NI Sale:  Volume 1,440 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sale 2020-06-30

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

Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS award

Sale of shares to cover tax and NI liabilities

Nil

 

 £24.7052

4,454

 

2,101

       

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 4,454 / Price GBP Nil

Tax/NI Sale:  Volume 2,101 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sale 2020-06-30

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

Acquisition of shares on the vesting of a deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

Acquisition of shares on vesting of ABS award 

Sale of shares to cover tax and NI liabilities

Nil

 

 £24.7052

5,747

 

2,711

       

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 5,747 / Price GBP Nil

Tax/NI Sale:  Volume 2,711 / Price GBP £24.7052

e)

Date of the transaction

Acquisition 2020-06-29 / Sale 2020-06-30

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 rns@lseg.com or visit www.rns.com.
 
END
 
 
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Quick facts: Severn Trent

Price: 2457

Market: LSE
Market Cap: £5.87 billion
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