Director's Dealing • Dec 23, 2016
Director's Dealing
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RNS Number : 7719S
Severn Trent PLC
23 December 2016
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.
Severn Trent Annual Bonus Scheme - 2013 Deferred Share Release
The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 22 December 2016 that it had on 22 December 2016 transferred the beneficial interest in a total of 32,478 Ordinary Shares of 9717/19p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below (the "PDMR Shares"), pursuant to awards made under the ABS in 2013.
PDMRs are potential beneficiaries under the Trust and, therefore, (except as disclosed below) their interests in shares held by the Trust ceased on such transfer.
| Participant | Shares, subject to ABS Award | Number of Shares released* | No. of Shares sold | No. of Shares sold to cover tax liability | Price at which Shares sold | Net No. of Shares acquired |
| A J Ballance | 5,926 | 6,751 | N/A | 3,185 | £22.10 | 3,566 |
| E Dickey | 2,626 | 2,991 | N/A | 1,411 | £22.10 | 1,580 |
| M J Kane | 8,721 | 9,936 | N/A | 4,687 | £22.10 | 5,249 |
| B Kennedy | 3,552 | 4,046 | N/A | 1,909 | £22.10 | 2,137 |
| A P Smith | 7, 684 | 8,754 | N/A | 4,129 | £22.10 | 4,625 |
*The number of shares released includes additional shares calculated to reflect dividends declared during the period from grant until transfer, in accordance with the ABS plan rules.
The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
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
N/A
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 release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |||
| Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £22.10 Nil |
6,751 3,185 3,566 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 6,751 / Price GBP Nil
Sale: Volume 3,185 / Price GBP £22.10
Transfer: Volume 3,566 / Price GBP Nil
e)
Date of the transaction
2016-12-22
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
Evelyn Dickey
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
N/A
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 release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |||
| Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £22.10 Nil |
2,991 1,411 1,580 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,991 / Price GBP Nil
Sale: Volume 1,411 / Price GBP £22.10
Transfer: Volume 1,580 / Price GBP Nil
e)
Date of the transaction
2016-12-22
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
N/A
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 release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |||
| Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £22.10 Nil |
9,936 4,687 5,249 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 9,936 / Price GBP Nil
Sale: Volume 4,687 / Price GBP £22.10
Transfer: Volume 5,249 / Price GBP Nil
e)
Date of the transaction
2016-12-22
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
N/A
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 release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |||
| Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £22.10 Nil |
4,046 1,909 2,137 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 4,046 / Price GBP Nil
Sale: Volume 1,909 / Price GBP £22.10
Transfer: Volume 2,137 / Price GBP Nil
e)
Date of the transaction
2016-12-22
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
N/A
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 release from Trust of deferred shares granted on 26 June 2013 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the transfer of balance shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |||
| Acquisition of shares upon release of 2013 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £22.10 Nil |
8,754 4,129 4,625 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 8,754 / Price GBP Nil
Sale: Volume 4,129 / Price GBP £22.10
Transfer: Volume 4,625 / Price GBP Nil
e)
Date of the transaction
2016-12-22
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
For further information please contact:
Ruban Chandran, Head of Investor Relations
07957 166 615
This information is provided by RNS
The company news service from the London Stock Exchange
END
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