Severn Trent PLC

Director's Dealing • Jul 28, 2022

National Storage Mechanism | Additional information

RNS Number : 1326U

Severn Trent PLC

28 July 2022

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 26 July 2022, 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 2019, 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 (23.07.19)	69,411	77,550	37,222	2912.7827p	40,328
J Bowling Director (23.07.19)	31,367	35,043	16,820	2912.7827p	18,223
S Anderson PDMR (23.07.19)	2,463	2,749	1,320	2912.7827p	1,429
J Jesic PDMR (23.07.19)	7,843	8,759	4,205	2912.7827p	4,554
B Kennedy PDMR (23.07.19)	11,294	12,616	6,056	2912.7827p	6,560
H Miles PDMR (23.07.19)	16,460	18,387	8,826	2912.7827p	9,561
N Morrison PDMR (23.07.19)	9,400	10,499	5,040	2912.7827p	5,459
R Stear PDMR (23.07.19)	6,004	6,705	3,219	2912.7827p	3,486

*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 2019 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: 

Rachel Martin, Head of Investor Relations

+44 (0) 782 462 4011

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 2019 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 £29.127827	77,550 37,222

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 77,550 / Price GBP Nil

Tax/NI Sale:  Volume 37,222 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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 2019 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  £29.127827	35,043 16,820

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 35,043 / Price GBP Nil

Tax/NI Sale:  Volume 16,820 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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 2019 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  £29.127827	2,749 1,320

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 2,749 / Price GBP Nil

Tax/NI Sale:  Volume 1,320 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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 2019 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  £29.127827	8,759 4,205

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 8,759 / Price GBP Nil

Tax/NI Sale:  Volume 4,205 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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 2019 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  £29.127827	12,616 6,056

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 12,616 / Price GBP Nil

Tax/NI Sale:  Volume 6,056 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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 2019 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  £29.127827	18,387 8,826

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 18,387 / Price GBP Nil

Tax/NI Sale:  Volume 8,826 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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 2019 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  £29.127827	10,499  5,040

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 10,499 / Price GBP Nil

Tax/NI Sale:  Volume 5,040 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

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

Acquisition of shares on the vesting of a conditional award granted under the LTIP in 2019 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  £29.127827	6,705 3,219

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,705 / Price GBP Nil

Tax/NI Sale:  Volume 3,219 / Price GBP £29.127827

e)

Date of the transaction

2022-07-26

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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