Director's Dealing • Jun 24, 2020
Director's Dealing
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RNS Number : 9794Q
Severn Trent PLC
24 June 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.
Acquisition of Shares by Executive Directors
As outlined in the Company's Annual Report and Accounts, the 2019/20 annual bonus for both the CEO and CFO was to be paid wholly in shares, at their request. Under the terms of the Annual Bonus Scheme (reference announcement as at 19 June 2020), deferred share awards were granted on 18 June 2020 representing 50% of the CEO's and CFO's annual bonus. The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 19 June 2020 that it had on 19 June 2020 acquired shares on behalf of the CEO and CFO with the remaining 50% of their bonus.
On 23 June 2020, the CEO and CFO notified the following transactions and their resultant holding of Ordinary Shares in Severn Trent Plc.
| Director | Purchase date | No. of shares acquired | Price paid per share (p) | Resultant interest in shares |
| O Garfield (CEO) | 19 June 2020 | 12,568 | 2542.28p | 193,290 |
| J Bowling (CFO) | 19 June 2020 | 7,574 | 2542.28p | 57,400 |
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
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 ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 25.4228 | 12,568 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - Single transaction
e)
Date of the transaction
2020-06-19
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 ordinary shares
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |
| 25.4228 | 7,574 |
d)
Aggregated information
- Aggregated volume
- Price
Not applicable - Single transaction
e)
Date of the transaction
2020-06-19
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 [email protected] or visit www.rns.com.
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