TIDMSVT

RNS Number : 3737O

Severn Trent PLC

09 June 2022

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.

On 8 June 2022, Severn Trent Plc granted awards over 215,103 Ordinary Shares under the terms of the Severn Trent Plc Long Term Incentive Plan 2021 (the "Plan") in line with the Directors' Remuneration Policy approved by shareholders at the Company's 2021 Annual General Meeting, including awards over 138,705 Ordinary Shares to Directors and Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below.

 
 Name            Status        No. of LTIP 
                              Shares Subject 
                                 to Award 
 O R Garfield    Director             52,951 
 J Bowling       Director             23,934 
 S Anderson      PDMR                 10,467 
 J Burditt       PDMR                  6,106 
 J Jesic         PDMR                 12,561 
 H Miles         PDMR                 15,102 
 N Morrison      PDMR                 11,304 
 R Stear         PDMR                  6,280 
 

These Ordinary Shares will vest on 24 July 2025, depending on the achievement of performance targets and service with the Company. No consideration was paid for the grant of these awards and no payment is due on the release of any shares. The share price used to calculate these awards was based on the average of the mid-market price for an Ordinary Share in the Company over 1, 6 and 7 June 2022.

The Remuneration Committee has the discretion to make downward or upward adjustments to the Vesting resulting from the application of the Performance Conditions if the Remuneration Committee believes that the outcomes are not a fair and accurate reflection of overall financial and operational performance, this includes consideration of any windfall gains resulting from share price volatility.

The following notifications, made in accordance with the requirements of the EU 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

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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        52,951 
d)  Aggregated information                                      n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        23,934 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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                                                      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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        10,467 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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                                                      Judith Burditt 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        6,106 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        12,561 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        15,102 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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                                                      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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        11,304 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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                                                      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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                     Price(s)   Volume(s) 
                                                                Nil        6,280 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2022-06-08 
f)  Place of the transaction                                  Outside a trading venue 
 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBKCBNQBKDQAK

(END) Dow Jones Newswires

June 09, 2022 10:45 ET (14:45 GMT)

Grafico Azioni Severn Trent (LSE:SVT)
Storico
Da Dic 2022 a Gen 2023 Clicca qui per i Grafici di Severn Trent
Grafico Azioni Severn Trent (LSE:SVT)
Storico
Da Gen 2022 a Gen 2023 Clicca qui per i Grafici di Severn Trent