Severn Trent PLC

Director's Dealing • Jun 26, 2019

National Storage Mechanism | Additional information

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RNS Number : 5428D

Severn Trent PLC

26 June 2019

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 25 June 2019, the Trustee transferred the beneficial interest in a total of 2,424 Shares for nil consideration to a participant in the LTIP pursuant to an award made under the LTIP in 2016.

On 25 June 2019, the Company transferred a total of 193,583 Shares (which it held as treasury shares) for nil consideration to participants in the LTIP, pursuant to awards made under the LTIP in 2016, including 141,581 Shares to Directors and PDMRs as indicated in the table below.

Director / PDMR and date of award	Number of conditional shares awarded	Number of shares released to PDMR*	Number of shares sold to cover tax liability	Number of additional shares sold	Price at which shares sold	Net number of shares acquired
A Ballance PDMR (21.06.16)	8,849	9,944	4,706	N/A	£20.8665	5,238
S Bentley PDMR (21.06.16)	11,807	13,269	6,279	N/A	£20.8665	6,990
J Bowling Director (21.06.16)	18,529	20,824	9,854	N/A	£20.8665	10,970
O Garfield Director (21.06.16)	46,115	51,835	24,527	N/A	£20.8665	27,308
J Jesic PDMR (21.06.16)	2,186	2,454	1,162	N/A	£20.8665	1,292
M Kane PDMR (21.06.16)	6,073	6,824	3,092	N/A	£20.8665	3,732
B Kennedy PDMR (21.06.16)	9,957	11,189	5,295	N/A	£20.8665	5,894
H Miles PDMR (21.06.16)	10,217	11,482	5,433	N/A	£20.8665	6,049
A P Smith PDMR (21.06.16)	10,676	11,999	5,678	N/A	£20.8665	6,321
R Stear PDMR (21.06.16)	1,569	1,761	834	N/A	£20.8665	927

*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.

Notifications set out below, 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

Anthony Ballance

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	9,944 4,706 5,238

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 9,944 / Price GBP Nil

Tax/NI Sale:  Volume 4,706 / Price GBP £20.8665

Transfer:  Volume 5,238 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	13,269 6,279 6,990

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 13,269 / Price GBP Nil

Tax/NI Sale:  Volume 6,279 / Price GBP £20.8665

Transfer:  Volume 6,990 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	20,824 9,854 10,970

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 20,824 / Price GBP Nil

Tax/NI Sale:  Volume 9,854 / Price GBP £20.8665

Transfer:  Volume 10,970 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	51,835 24,527 27,308

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 51,835 / Price GBP Nil

Tax/NI Sale:  Volume 24,527 / Price GBP £20.8665

Transfer:  Volume 27,308 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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 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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	2,454 1,162 1,292

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 2,454 / Price GBP Nil

Tax/NI Sale:  Volume 1,162 / Price GBP £20.8665

Transfer:  Volume 1,292 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability..

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition of shares upon release from Trust Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	6,824 3,092 3,732

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,824 / Price GBP Nil

Tax/NI Sale:  Volume 3,092  / Price GBP £20.8665

Transfer:  Volume 3,732 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	11,189 5,295 5,894

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 11,189 / Price GBP Nil

Tax/NI Sale:  Volume 5,295 / Price GBP £20.8665

Transfer:  Volume 5,894 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition upon transfer of treasury shares  Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	11,482 5,433 6,049

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 11,482 / Price GBP Nil

Tax/NI Sale:  Volume 5,433 / Price GBP £20.8665

Transfer:  Volume 6,049 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	11,999 5,678 6,321

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 11,999 / Price GBP Nil

Tax/NI Sale:  Volume 5,678 / Price GBP £20.8665

Transfer:  Volume 6,321 / Price GBP Nil

e)

Date of the transaction

2019-06-25

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

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

Following the transfer of treasury shares to satisfy a conditional award granted on 21 June 2016 under the LTIP, the sale of shares to fund the associated income tax and national insurance liability.

c)

Price(s) and volume(s)

			Price(s)	Volume(s)
Acquisition upon transfer of treasury shares   Sale of shares to satisfy income tax and NICs liability Transfer of balance shares			Nil  £20.8665 Nil	1,761 834 927

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 1,761 / Price GBP Nil

Tax/NI Sale:  Volume 834 / Price GBP £20.8665

Transfer:  Volume 927 / Price GBP Nil

e)

Date of the transaction

2019-06-25

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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