Director's Dealing • Jul 3, 2018
Director's Dealing
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National Storage Mechanism | Additional information
RNS Number : 5015T
Severn Trent PLC
03 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.
Severn Trent Annual Bonus Scheme - 2015 Deferred Share Release
The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 2 July 2018 that it had on 2 July 2018 transferred the beneficial interest in a total of 30,298 Ordinary Shares of 9717/19p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), being Directors/Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below (the "PDMR Shares"), pursuant to awards made under the ABS in 2015.
Directors/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 to cover tax liability | No. of Additional Shares sold | Price at which Shares sold | Net No. of Shares acquired |
| A J Ballance (PDMR) |
2,400 | 2,681 | 1,265 | 1,416 | £19.815 | Nil |
| S Bentley (PDMR) |
2,292 | 2,561 | 1,208 | N/A | £19.815 | 1,353 |
| O R Garfield (Director) |
9,668 | 10,802 | 5,095 | N/A | £19.815 | 5,707 |
| M J Kane (PDMR) |
4,740 | 5,296 | 2,498 | N/A | £19.815 | 2,798 |
| B Kennedy (PDMR) |
1,922 | 2,147 | 1,013 | N/A | £19.815 | 1,134 |
| H Miles (PDMR) |
1,856 | 2,073 | 978 | N/A | £19.815 | 1,095 |
| A P Smith (PDMR) |
4,241 | 4,738 | 2,235 | N/A | £19.815 | 2,503 |
*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.
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 release from Trust of deferred shares granted on 29 June 2015 under the Severn Trent Annual Bonus Scheme, the sale of shares to fund the associated income tax and national insurance liability and the sale of balance shares.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) | |||
| Acquisition of shares upon release of 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Sale of balance shares |
Nil £19.815 £19.815 |
2,681 1,265 1,416 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,681 / Price GBP Nil
Tax/NI Sale: Volume 1,265 / Price GBP £19.815
Balance Sale: Volume 1,416 / Price GBP £19.815
e)
Date of the transaction
2018-07-02
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 release from Trust of deferred shares granted on 29 June 2015 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 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £19.815 Nil |
2,561 1,208 1,353 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,561 / Price GBP Nil
Sale: Volume 1,208 / Price GBP £19.815
Transfer: Volume 1,353 / Price GBP Nil
e)
Date of the transaction
2018-07-02
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 release from Trust of deferred shares granted on 29 June 2015 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 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £19.815 Nil |
10,802 5,095 5,707 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 10,802 / Price GBP Nil
Sale: Volume 5,095 / Price GBP £19.815
Transfer: Volume 5,707 / Price GBP Nil
e)
Date of the transaction
2018-07-02
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 release from Trust of deferred shares granted on 29 June 2015 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 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £19.815 Nil |
5,296 2,498 2,798 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 5,296 / Price GBP Nil
Sale: Volume 2,498 / Price GBP £19.815
Transfer: Volume 2,798 / Price GBP Nil
e)
Date of the transaction
2018-07-02
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 release from Trust of deferred shares granted on 29 June 2015 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 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £19.815 Nil |
2,147 1,013 1,134 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,147 / Price GBP Nil
Sale: Volume 1,013 / Price GBP £19.815
Transfer: Volume 1,134 / Price GBP Nil
e)
Date of the transaction
2018-07-02
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 release from Trust of deferred shares granted on 29 June 2015 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 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £19.815 Nil |
2,073 978 1,095 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 2,073 / Price GBP Nil
Sale: Volume 978 / Price GBP £19.815
Transfer: Volume 1,095 / Price GBP Nil
e)
Date of the transaction
2018-07-02
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 release from Trust of deferred shares granted on 29 June 2015 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 2015 Award deferred share award Sale of shares to satisfy income tax and NICs liability Transfer of balance shares |
Nil £19.815 Nil |
4,738 2,235 2,503 |
||
d)
Aggregated information
- Aggregated volume
- Price
Acquisition: Volume 4,738 / Price GBP Nil
Sale: Volume 2,235 / Price GBP £19.815
Transfer: Volume 2,503 / Price GBP Nil
e)
Date of the transaction
2018-07-02
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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