Remuneration Information • Jul 19, 2018
Remuneration Information
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National Storage Mechanism | Additional information
RNS Number : 1959V
Severn Trent PLC
19 July 2018
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 17 July 2018, the Trustee transferred the beneficial interest in a total of 3,867 Shares for nil consideration to a participant in the LTIP pursuant to an award made under the LTIP in 2015.
On 17 July 2018, the Company transferred a total of 173,678 Shares (which it held as treasury shares) for nil consideration to participants in the LTIP, pursuant to awards made under the LTIP in 2015, including 120,527 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 (15.07.15) |
8,081 | 9,000 | 4,327 | N/A | £18.9027 | 4,673 |
| S Bentley PDMR (15.07.15) |
11,614 | 12,935 | 6,218 | N/A | £18.9027 | 6,717 |
| J Bowling Director (15.07.15) |
14,890 | 16,583 | 7,972 | N/A | £18.9027 | 8,610 |
| O Garfield Director (15.07.15) |
37,808 | 42,113 | 20,244 | N/A | £18.9027 | 21,869 |
| J Jesic PDMR (15.07.15) |
1,861 | 2,070 | 996 | N/A | £18.9027 | 1,074 |
| M Kane PDMR (15.07.15) |
9,824 | 10,940 | 5,259 | N/A | £18.9027 | 5,681 |
| B Kennedy PDMR (15.07.15) |
6,733 | 7,497 | 3,604 | N/A | £18.9027 | 3,893 |
| H Miles PDMR (15.07.15) |
6,910 | 7,694 | 3,699 | N/A | £18.9027 | 3,995 |
| A P Smith PDMR (15.07.15) |
10,501 | 11,695 | 5,622 | N/A | £18.9027 | 6,073 |
*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
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 15 July 2015 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 £18.9027 Nil |
9,000 4,327 4,673 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 9,000 / Price GBP Nil
Tax/NI Sale: Volume 4,327 / Price GBP £18.9027
Transfer: Volume 4,673 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
12,935 6,218 6,717 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 12,935 / Price GBP Nil
Tax/NI Sale: Volume 6,218 / Price GBP £18.9027
Transfer: Volume 6,717 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
16,583 7,972 8,610 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 16,583 / Price GBP Nil
Tax/NI Sale: Volume 7,972 / Price GBP £18.9027
Transfer: Volume 8,610 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
42,113 20,244 21,869 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 42,113 / Price GBP Nil
Tax/NI Sale: Volume 20,244 / Price GBP £18.9027
Transfer: Volume 21,869 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
2,070 996 1,074 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,070 / Price GBP Nil
Tax/NI Sale: Volume 996 / Price GBP £18.9027
Transfer: Volume 1,074 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
10,940 5,259 5,681 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 10,940 / Price GBP Nil
Tax/NI Sale: Volume 5,259 / Price GBP £18.9027
Transfer: Volume 5,681 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
7,497 3,604 3,893 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 7,497 / Price GBP Nil
Tax/NI Sale: Volume 3,604 / Price GBP £18.9027
Transfer: Volume 3,893 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
7,694 3,699 3,995 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 7,694 / Price GBP Nil
Tax/NI Sale: Volume 3,699 / Price GBP £18.9027
Transfer: Volume 3,995 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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 15 July 2015 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 £18.9027 Nil |
11,695 5,622 6,073 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 11,695 / Price GBP Nil
Tax/NI Sale: Volume 5,622 / Price GBP £18.9027
Transfer: Volume 6,073 / Price GBP Nil
e)
Date of the transaction
2018-07-17
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.
END
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