TIDMSVT
RNS Number : 4284H
Severn Trent PLC
27 July 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 Long Term Incentive Plan 2014
("LTIP")
On 25 July 2023, 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 2020, and subsequently sold Shares in order to cover
tax and national insurance 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
(16.06.20) 60,483 67,451 31,833 2553.46p 35,618
---------------- ----------- --------------- -------------- -----------
H Miles
Director
(16.06.20) 16,393 18,279 8,627 2553.46p 9,652
---------------- ----------- --------------- -------------- -----------
J Bowling
PDMR
(16.06.20) 27,336 30,483 14,387 2553.46p 16,096
---------------- ----------- --------------- -------------- -----------
S Anderson
PDMR
(16.06.20) 5,255 5,858 2,765 2553.46p 3,093
---------------- ----------- --------------- -------------- -----------
S Cawley
PDMR
(16.06.20) 1,879 2,093 988 2553.46p 1,105
---------------- ----------- --------------- -------------- -----------
J Jesic
PDMR
(16.06.20) 9,285 10,353 4,886 2553.46p 5,467
---------------- ----------- --------------- -------------- -----------
N Morrison
PDMR
(16.06.20) 8,192 9,132 4,310 2553.46p 4,822
---------------- ----------- --------------- -------------- -----------
R Stear
PDMR
(16.06.20) 5,232 5,833 2,753 2553.46p 3,080
---------------- ----------- --------------- -------------- -----------
*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 2020 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 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 conditional
award granted under the LTIP in 2020
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 Nil 67,451
Sale of shares to cover
tax and NI liabilities GBP 25.5346 31,833
d) Aggregated information Acquisition: Volume 67,451 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 31,833 / Price GBP GBP 25.5346
- Price
e) Date of the transaction 2023-07-25
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 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 2020
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 Nil 18,279
Sale of shares to cover
tax and NI liabilities GBP25.5346 8,627
d) Aggregated information Acquisition: Volume 18,279 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 8,627 / Price GBP GBP25.5346
- Price
e) Date of the transaction 2023-07-25
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 Bowling
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 2020
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 Nil 30,483
Sale of shares to cover
tax and NI liabilities GBP25.5346 14,387
d) Aggregated information Acquisition: Volume 30,483 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 14,387 / Price GBP GBP 25.5346
- Price
e) Date of the transaction 2023-07-25
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 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 2020
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 Nil 5,858
Sale of shares to cover
tax and NI liabilities GBP25.5346 2,765
d) Aggregated information Acquisition: Volume 5,858 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 2,765 / Price GBP GBP25.5346
- Price
e) Date of the transaction 2023-07-25
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 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 2020
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 Nil 2,093
Sale of shares to cover
tax and NI liabilities GBP25.5346 988
d) Aggregated information Acquisition: Volume 2,093 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 988 / Price GBP GBP25.5346
- Price
e) Date of the transaction 2023-07-25
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 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 2020
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 Nil 10,353
Sale of shares to cover
tax and NI liabilities GBP25.5346 4,886
d) Aggregated information Acquisition: Volume 10,353 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,886 / Price GBP GBP25.5346
- Price
e) Date of the transaction 2023-07-25
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 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 2020
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 Nil 9,132
Sale of shares to cover
tax and NI liabilities GBP25.5346 4,310
d) Aggregated information Acquisition: Volume 9,132 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 4,310 / Price GBP GBP25.5346
- Price
e) Date of the transaction 2023-07-25
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 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 2020
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 Nil 5,833
Sale of shares to cover
tax and NI liabilities GBP25.5346 2,753
d) Aggregated information Acquisition: Volume 5,833 / Price GBP Nil
- Aggregated volume Tax/NI Sale: Volume 2,753 / Price GBP GBP25.5346
- Price
e) Date of the transaction 2023-07-25
f) Place of the transaction London Stock Exchange, Main Market (XLON)
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END
DSHNKOBQCBKKBOB
(END) Dow Jones Newswires
July 27, 2023 06:02 ET (10:02 GMT)
Grafico Azioni Severn Trent (LSE:SVT)
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