TIDMSVT

RNS Number : 1326U

Severn Trent PLC

28 July 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.

Vesting of Shares under the Long Term Incentive Plan 2014 ("LTIP")

On 26 July 2022, 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 2019, and subsequently sold Shares in order to cover tax liabilities:

 
 Director         Number of         Number       Number of        Price at        Net number 
  / PDMR (date     conditional       of shares    shares sold      which shares    of shares 
  of award)        shares awarded    released     to cover         sold            acquired 
                                     to PDMR*     tax liability 
 O Garfield 
  Director 
  (23.07.19)               69,411       77,550           37,222      2912.7827p       40,328 
                 ----------------  -----------  ---------------  --------------  ----------- 
 J Bowling 
  Director 
  (23.07.19)               31,367       35,043           16,820      2912.7827p       18,223 
                 ----------------  -----------  ---------------  --------------  ----------- 
 S Anderson 
  PDMR 
  (23.07.19)                2,463        2,749            1,320      2912.7827p        1,429 
                 ----------------  -----------  ---------------  --------------  ----------- 
 J Jesic 
  PDMR 
  (23.07.19)                7,843        8,759            4,205      2912.7827p        4,554 
                 ----------------  -----------  ---------------  --------------  ----------- 
 B Kennedy 
  PDMR 
  (23.07.19)               11,294       12,616            6,056      2912.7827p        6,560 
                 ----------------  -----------  ---------------  --------------  ----------- 
 H Miles 
  PDMR 
  (23.07.19)               16,460       18,387            8,826      2912.7827p        9,561 
                 ----------------  -----------  ---------------  --------------  ----------- 
 N Morrison 
  PDMR 
  (23.07.19)                9,400       10,499            5,040      2912.7827p        5,459 
                 ----------------  -----------  ---------------  --------------  ----------- 
 R Stear 
  PDMR 
  (23.07.19)                6,004        6,705            3,219      2912.7827p        3,486 
                 ----------------  -----------  ---------------  --------------  ----------- 
 

*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 2019 LTIP award made under the 2018 Remuneration Policy introduced 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 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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil         77,550 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     37,222 
d)  Aggregated information                                    Acquisition: Volume 77,550 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 37,222 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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          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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil         35,043 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     16,820 
d)  Aggregated information                                    Acquisition: Volume 35,043 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 16,820 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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                                                      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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil          2,749 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     1,320 
d)  Aggregated information                                    Acquisition: Volume 2,749 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 1,320 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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          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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil          8,759 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     4,205 
d)  Aggregated information                                    Acquisition: Volume 8,759 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 4,205 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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          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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil         12,616 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     6,056 
d)  Aggregated information                                    Acquisition: Volume 12,616 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 6,056 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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          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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil         18,387 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     8,826 
d)  Aggregated information                                    Acquisition: Volume 18,387 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 8,826 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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                                                      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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil         10,499 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     5,040 
d)  Aggregated information                                    Acquisition: Volume 10,499 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 5,040 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
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                                                      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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2019 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)        Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP                Nil          6,705 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP29.127827     3,219 
d)  Aggregated information                                    Acquisition: Volume 6,705 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 3,219 / Price GBP GBP29.127827 
     - Price 
e)  Date of the transaction                                   2022-07-26 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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