Net Asset Value • Jun 27, 2013
Net Asset Value
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RNS Number : 0542I
Severn Trent PLC
27 June 2013
NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED
PERSONS
Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the
Disclosure Rules and Transparency Rules.
On 26 June 2013 Severn Trent Plc (the "Company") granted:
1) deferred share awards totalling 67,609 Ordinary Shares of 97 17/19 pence each ("Ordinary Shares") in the Company, as procured by the Remuneration Committee on 13 June 2013 under the terms of the Severn Trent Annual Bonus Scheme, in respect of the year ended 31 March 2013, to the Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company as set out below. The Ordinary Shares will vest on the third anniversary of the award subject to continued employment; and
2) matching share awards totalling 33,803 Ordinary Shares of 97 17/19 pence each in the Company, as awarded by the Remuneration Committee on 13 June 2013 under the terms of the Severn Trent Share Matching Plan, in respect of the year ended 31 March 2013, to the Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company as set out below. The Ordinary Shares will vest on the third anniversary of award subject to continued employment and achievement of performance targets.
| Name | Status | No. of Deferred Shares Subject to Award | No of Matching Shares Subject to Award |
| A J Ballance | Director | 5,926 | 2,963 |
| M J Kane | Director | 8,721 | 4,360 |
| M J E McKeon | Director | 13,514 | 6,757 |
| A P Smith | Director | 7,684 | 3,842 |
| A P Wray | Director | 16,546 | 8,273 |
| B Kennedy | PDMR | 3,552 | 1,776 |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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