TIDMSVT
RNS Number : 8078G
Severn Trent PLC
28 July 2021
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 Long Term Incentive Plan 2014
("LTIP")
On 27 July 2021, the following Directors and PDMRs received a
transfer of Shares from the Company (which it held as treasury
shares) for nil consideration on the vesting of awards made under
the LTIP in 2018, and subsequently sold Shares in order to cover
tax liabilities:
Director Number of Number Number of Price at Net number
/ PDMR (date conditional of shares shares sold which shares of shares
of award) shares awarded released to cover sold acquired
to PDMR* tax liability
O Garfield
Director
(24.07.18) 72,880 82,249 38,407 2738.26p 43,842
---------------- ----------- --------------- -------------- -----------
J Bowling
Director
(24.07.18) 32,941 37,174 17,359 2738.26p 19,815
---------------- ----------- --------------- -------------- -----------
S Anderson
PDMR
(24.07.18) 2,574 2,902 1,356 2738.26p 1,546
---------------- ----------- --------------- -------------- -----------
J Jesic
PDMR
(24.07.18) 7,387 8,335 3,893 2738.26p 4,442
---------------- ----------- --------------- -------------- -----------
B Kennedy
PDMR
(24.07.18) 11,802 13,317 6,219 2738.26p 7,098
---------------- ----------- --------------- -------------- -----------
H Miles
PDMR
(24.07.18) 16,953 19,131 8,934 2738.26p 10,197
---------------- ----------- --------------- -------------- -----------
N Morrison
PDMR
(24.07.18) 8,679 9,792 4,573 2738.26p 5,219
---------------- ----------- --------------- -------------- -----------
A P Smith
PDMR
(24.07.18) 12,663 14,289 6,673 2738.26p 7,616
---------------- ----------- --------------- -------------- -----------
*The number of shares released includes additional shares
calculated to reflect dividends declared during the period from
grant until vesting, in accordance with the LTIP rules.
The 2018 LTIP award made under the 2018 Remuneration Policy
introduced a stretch award comparative element to Return on
Regulatory Equity ('RoRE'), measured by Upper Quartile ('UQ')
comparison against other Water and Sewerage Companies ('WaSCs'). As
all WaSCs have now published their Annual Performance Reports, it
has been determined that Severn Trent's three-year average RoRE
during the performance period was UQ, meaning awards vested in full
at 100%.
Notifications set out below, made in accordance with the
requirements of the EU Market Abuse Regulation, give further
detail.
For further information please contact:
Stuart Howell, Head of Investor Relations
+44 (0)770 371 8361
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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 82,249
Sale of shares to cover
tax and NI liabilities GBP27.3826 38,407
d) Aggregated information Acquisition: Volume 82,249 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 38,407 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 37,174
Sale of shares to cover
tax and NI liabilities GBP27.3826 17,359
d) Aggregated information Acquisition: Volume 37,174 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 17,359 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 2,902
Sale of shares to cover
tax and NI liabilities GBP27.3826 1,356
d) Aggregated information Acquisition: Volume 2,902 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,356 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 8,335
Sale of shares to cover
tax and NI liabilities GBP27.3826 3,893
d) Aggregated information Acquisition: Volume 8,335 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 3,893 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 13,317
Sale of shares to cover
tax and NI liabilities GBP27.3826 6,219
d) Aggregated information Acquisition: Volume 13,317 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 6,219 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 19,131
Sale of shares to cover
tax and NI liabilities GBP27.3826 8,934
d) Aggregated information Acquisition: Volume 19,131 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 8,934 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 9,792
Sale of shares to cover
tax and NI liabilities GBP27.3826 4,573
d) Aggregated information Acquisition: Volume 9,792 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,573 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
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 Ordinary Shares of 97 17/19 pence each in Severn Trent
instrument Plc
Identification code Identification code for Severn Trent Plc shares:
GB00B1FH8J72
b) Nature of the transaction Acquisition of shares on the vesting of a conditional
award granted under the LTIP in 2018
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 LTIP Nil 14,289
Sale of shares to cover
tax and NI liabilities GBP27.3826 6,673
d) Aggregated information Acquisition: Volume 14,289 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 6,673 / Price GBP GBP27.3826
- Price
e) Date of the transaction 2021-07-27
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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END
DSHDKFBNPBKDKOB
(END) Dow Jones Newswires
July 28, 2021 11:39 ET (15:39 GMT)
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