Severn Trent PLC

Director's Dealing • Jul 28, 2021

National Storage Mechanism | Additional information

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 / PDMR (date of award)	Number of conditional shares awarded	Number of shares released to PDMR*	Number of shares sold to cover tax liability	Price at which shares sold	Net number of shares acquired
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 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 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  Sale of shares to cover tax and NI liabilities		Nil £27.3826	82,249 38,407

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 82,249 / Price GBP Nil

Tax/NI Sale:  Volume 38,407 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	37,174 17,359

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 37,174 / Price GBP Nil

Tax/NI Sale:  Volume 17,359 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	2,902 1,356

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 2,902 / Price GBP Nil

Tax/NI Sale:  Volume 1,356 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	8,335 3,893

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 8,335 / Price GBP Nil

Tax/NI Sale:  Volume 3,893 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	13,317 6,219

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 13,317 / Price GBP Nil

Tax/NI Sale:  Volume 6,219 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	19,131 8,934

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 19,131 / Price GBP Nil

Tax/NI Sale:  Volume 8,934 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	9,792  4,573

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 9,792 / Price GBP Nil

Tax/NI Sale:  Volume 4,573 / Price GBP £27.3826

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 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 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  Sale of shares to cover tax and NI liabilities		Nil  £27.3826	14,289 6,673

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 14,289 / Price GBP Nil

Tax/NI Sale:  Volume 6,673 / Price GBP £27.3826

e)

Date of the transaction

2021-07-27

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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