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Severn Trent PLC - Director/PDMR Shareholding

RNS Number : 7599I
Severn Trent PLC
15 December 2020
 

LEI: 213800RPBXRETY4A4C59

Severn Trent Plc (the "Company") - Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

Severn Trent Plc (the "Company") announces that it received notification on 14 December 2020 that the following Person Closely Associated ("PCA") exercised their options over Ordinary Shares of 97 17/19p each (the "Shares") pursuant to the Company's 2017 Sharesave scheme as detailed below. 

James Jesic's PCA (spouse), Natalie Jesic, exercised her 2017 Sharesave scheme options and retained all resultant shares.

PDMR / PCA

Title

Transaction date

Number of shares exercised and retained

Price paid per share (p)

Resultant interest in shares*

J Jesic

(PDMR)

Managing Director

14 Dec 2020

-

-

4,597

N Jesic

(PCA)

Former Employee, and PCA with James Jesic

14 Dec 2020

270

1663.00p

911

 

Total

5,508

The Company also received notification on the same day that Natalie Jesic's beneficial interest in 119 Ordinary Shares of 97 17/19p previously awarded under the Severn Trent Share Incentive Plan ("SIP shares") and held in trust by Equiniti Share Plan Trustees Limited ("SIP Trustee") had been transferred directly into her own name.  Following the transfer, her resultant interest in shares shown in the table above comprises Ordinary Shares of 97 17/19p only.

Since becoming a PDMR in December 2017, James Jesic has retained all Company shares acquired as a result of discretionary awards vesting or options being exercised under the Company's share plans, net of related tax and National Insurance liabilities arising.  His resultant interest in shares shown in the table above includes 135 SIP shares (acquired prior to becoming a PDMR) which are held by the SIP Trustee on his behalf. 

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

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

Natalie Jesic

2

Reason for the notification

a)

Position/status

Person Closely Associated with James Jesic

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 pursuant to exercise of a Severn Trent SAYE option

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£16.63

270

 

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

e)

Date of the transaction

2020-12-14

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

Natalie Jesic

2

Reason for the notification

a)

Position/status

Person Closely Associated with James Jesic

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

Transfer of shares from Equiniti Share Plan Trustees Limited (Trustee of the Severn Trent Share Incentive Plan) to PCA - no change of beneficial ownership.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£Nil

119

 

 

d)

Aggregated information

- Aggregated volume

- Price

Not applicable - Single transaction

e)

Date of the transaction

2020-12-14

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 

 

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Market: LSE
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