Severn Trent PLC Director/PDMR Shareholding
29 July 2024 - 11:40PM
RNS Regulatory News
RNS Number : 2426Y
Severn Trent PLC
29 July 2024
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 2021
("LTIP")
On 25 July 2024, 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 2021, and subsequently
sold Shares in order to cover tax and national insurance
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
(14.07.21)
|
55,461
|
62,308
|
29,388
|
2499.7949p
|
32,920
|
|
H Miles
Director
(14.07.21)
|
15,815
|
17,765
|
8,379
|
2499.7949p
|
9,386
|
|
S Anderson
PDMR
(14.07.21)
|
6,131
|
6,885
|
3,248
|
2499.7949p
|
3,637
|
|
S Cawley
PDMR
(14.07.21)
|
1,899
|
2,130
|
1,005
|
2499.7949p
|
1,125
|
|
J Jesic
PDMR
(14.07.21)
|
9,814
|
11,024
|
5,200
|
2499.7949p
|
5,824
|
|
N Morrison
PDMR
(14.07.21)
|
7,513
|
8,438
|
3,980
|
2499.7949p
|
4,458
|
|
R Stear
PDMR
(14.07.21)
|
5,485
|
6,159
|
2,905
|
2499.7949p
|
3,254
|
*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 2021 LTIP award made under the
2021 Remuneration Policy included 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 UK 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
The attached notifications, made in
accordance with the requirements of the UK Market Abuse Regulation,
give further details.
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
62,308
29,388
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume
62,308 / Price GBP Nil
Tax/NI Sale: Volume 29,388 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Helen Miles
|
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
17,765
8,379
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume 17,765 /
Price GBP Nil
Tax/NI Sale: Volume 8,379 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
6,885
3,248
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume 6,885 /
Price GBP Nil
Tax/NI Sale: Volume 3,248 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
|
Name
|
Stephanie Cawley
|
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
2,130
1,005
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume 2,130 /
Price GBP Nil
Tax/NI Sale: Volume 1,005 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
11,024
5,200
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume 11,024 /
Price GBP Nil
Tax/NI Sale: Volume 5,200 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
8,438
3,980
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume 8,438 /
Price GBP Nil
Tax/NI Sale: Volume 3,980 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
|
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 2021 and sale of
shares to cover tax and national insurance liabilities. Balance
shares transferred to nominee CREST account with no change in
beneficial ownership.
|
|
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
£24.997949
|
6,159
2,905
|
|
|
|
|
|
|
|
|
| |
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Acquisition: Volume 6,159 /
Price GBP Nil
Tax/NI Sale: Volume 2,905 /
Price GBP £24.997949
|
|
e)
|
Date of the transaction
|
2024-07-25
|
|
f)
|
Place of the transaction
|
London Stock Exchange, Main Market
(XLON)
|
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END
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