RNS Number : 0367S
Severn Trent PLC
11 June 2024
 

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 ("ABS")

 

On 10 June 2024, following an instruction by the Trustee of the Severn Trent Plc Employee Share Ownership Trust, Directors and PDMRs received a transfer of Shares into their nominee CREST accounts for nil consideration on the vesting of deferred share awards made under the ABS in 2021.  A sale of shares to cover tax liabilities completed the same day, 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 Garfield

Director

(08.06.21)

11,467

12,882

6,076

0.24130821p

6,806

H Miles

Director

(08.06.21)

5,385

6,046

2,852

0.24130821p

3,194

S Anderson

PDMR

(08.06.21)

1,585

1,777

839

0.24130821p

938

J Jesic

PDMR

(08.06.21)

3,819

4,288

2,023

0.24130821p

2,265

N Morrison

PDMR

(08.06.21)

3,883

4,359

2,056

0.24130821p

2,303

R Stear

PDMR

(08.06.21)

1,418

1,590

750

0.24130821p

840

 

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

*\* The number of shares sold includes shares sold to cover associated tax and national insurance liabilities.  All PDMRs retain their balance shares.

 

Notifications set out below, made in accordance with the requirements of the UK Market Abuse Regulation, give further detail.

 

For further information please contact:

Rachel Martin, Head of Investor Relations +44 (0) 782 462 4011

www.severntrent.com

 

The attached notifications, made in accordance with the requirements of the UK Market Abuse Regulation, give further details.

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 2021 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

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

 

£24.130821

12,882

 

6,076

 



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 12,882 / Price GBP Nil

Tax/NI Sale:  Volume  6,076 / Price GBP £24.130821

e)

Date of the transaction

Acquisition 2024-06-10 / Sale 2024-06-10




f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Helen Miles

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 2021 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.

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

 

£24.130821

6,046

 

2,852

 



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,046 / Price GBP Nil

Tax/NI Sale:  Volume 2,852 / Price GBP £24.130821

e)

Date of the transaction

Acquisition 2024-06-10 / Sale 2024-06-10

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

 

 

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 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 2021 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.

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

 

£24.130821

1,777

 

839

 



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 1,777 / Price GBP Nil

Tax/NI Sale:  Volume 839 / Price GBP £24.130821

e)

Date of the transaction

Acquisition 2024-06-10 / Sale 2024-06-10

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

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

Acquisition of shares on the vesting of a 2021 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.

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

 

£24.130821

4,288

 

2,023

 



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 4,288 / Price GBP Nil

Tax/NI Sale:  Volume 2,023 / Price GBP £24.130821

e)

Date of the transaction

Acquisition 2024-06-10 / Sale 2024-06-10

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

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

Acquisition of shares on the vesting of a 2021 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities. Balance shares transferred to nominee CREST account with no change in beneficial ownership.

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

 

£24.130821

 4,359

 

2,056



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 4,359 / Price GBP Nil

Tax/NI Sale:  Volume 2,056 / Price GBP £24.130821

e)

Date of the transaction

Acquisition 2024-06-10 / Sale 2024-06-10

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

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

Acquisition of shares on the vesting of a 2021 deferred share award granted under the Annual Bonus Scheme and sale of shares to cover tax and national insurance liabilities.  Balance shares transferred to nominee CREST account with no change in beneficial ownership.

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

 

£24.130821

1,590

 

750

 



 

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 1,590 / Price GBP Nil

Tax/NI Sale:  Volume 750 / Price GBP £24.130821

e)

Date of the transaction

Acquisition 2024-06-10 / Sale 2024-06-10

f)

Place of the transaction

Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

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