TIDMSVT
RNS Number : 4965D
Severn Trent PLC
21 June 2023
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 Severn Trent Annual Bonus Scheme
2019 ("ABS")
On 19 June 2023, following an instruction by the Trustee of the
Severn Trent Plc Employee Share Ownership Trust, Directors and
PDMRs received a transfer of Shares into their nominee CREST
accounts for nil consideration on the vesting of deferred share
awards made under the ABS in 2020. A sale of shares to cover tax
liabilities completed the same day, as follows:
Director Number of Number Number Price at Net number
/ PDMR deferred of shares of shares which shares of shares
(date of shares awarded released sold ** sold acquired
award) to PDMR*
O Garfield
Director
(18.06.20) 13,418 14,994 7,072 2709.1946p 7,922
---------------- ----------- ----------- -------------- -----------
J Bowling
Director
(18.06.20) 8,086 9,034 4,261 2709.1946p 4,773
---------------- ----------- ----------- -------------- -----------
H Miles
Director
(18.06.20) 6,061 6,771 3,194 2709.1946p 3,577
---------------- ----------- ----------- -------------- -----------
J Jesic
PDMR
(18.06.20) 1,961 2,188 1,033 2709.1946p 1,155
---------------- ----------- ----------- -------------- -----------
N Morrison
PDMR
(18.06.20) 2,271 2,535 1,196 2709.1946p 1,339
---------------- ----------- ----------- -------------- -----------
R Stear
PDMR
(18.06.20) 1,658 1,851 874 2709.1946p 977
---------------- ----------- ----------- -------------- -----------
*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 number of shares sold includes shares sold to cover
associated tax and national insurance liabilities. All PDMRs
elected to retain their balance shares.
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 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 2020 deferred
share award granted under the Annual
Bonus Scheme 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 ABS award Nil 14,994
Sale of shares to cover
tax and NI liabilities GBP27.091946 7,072
d) Aggregated information Acquisition: Volume 14,994 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 7,072 / Price GBP GBP27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main
Market (XLON)
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 2020 deferred
share award granted under the Annual
Bonus Scheme 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 ABS award Nil 9,034
Sale of shares to cover
tax and NI liabilities GBP27.091946 4,261
d) Aggregated information Acquisition: Volume 9,034 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,261 / Price GBP GBP27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / 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 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 2020 deferred
share award granted under the Annual
Bonus Scheme 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 ABS award Nil 6,771
Sale of shares to cover
tax and NI liabilities GBP27.091946 3,194
d) Aggregated information Acquisition: Volume 6,771 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 3,194 / Price GBP GBP27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / 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 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 2020 deferred
share award granted under the Annual
Bonus Scheme 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 ABS award Nil 2,188
Sale of shares to cover
tax and NI liabilities GBP27.091946 1,033
d) Aggregated information Acquisition: Volume 2,188 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,033 / Price GBP GBP27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / 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 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 2020 deferred
share award granted under the Annual
Bonus Scheme 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 ABS award Nil 2,535
Sale of shares to cover
tax and NI liabilities GBP27.091946 1,196
d) Aggregated information Acquisition: Volume 2,535 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 1,196 / Price GBP GBP27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / 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 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 2020 deferred
share award granted under the Annual
Bonus Scheme 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 ABS award Nil 1,851
Sale of shares to cover
tax and NI liabilities GBP27.091946 874
d) Aggregated information Acquisition: Volume 1,851 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 874 / Price GBP GBP27.091946
- Price
e) Date of the transaction Acquisition 2023-06-19 / Sale 2023-06-19
f) Place of the transaction Outside a trading venue / London Stock Exchange, Main
Market (XLON)
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END
DSHNKDBPPBKDBAB
(END) Dow Jones Newswires
June 21, 2023 12:07 ET (16:07 GMT)
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