TIDMSVT
RNS Number : 5534Q
Severn Trent PLC
19 June 2020
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.
Severn Trent Annual Bonus Scheme - 2020 Deferred Share
Awards
Severn Trent Plc announces that, on 18 June 2020, deferred share
awards over Ordinary Shares of 97 (17/19) pence each ("Ordinary
Shares") in the Company were granted to the Directors and Persons
Discharging Managerial Responsibilities ("PDMR") of the Company as
set out below (the "PDMR Awards").
Name Status No. of Deferred
Shares Subject to
Award
O R Garfield Director 13,418
J Bowling Director 8,086
J Jesic PDMR 1,961
B Kennedy PDMR 5,459
H Miles PDMR 6,061
N Morrison PDMR 2,271
A P Smith PDMR 5,857
R Stear PDMR 1,658
TOTAL 44,771
These awards were granted under the terms of the Severn Trent
Annual Bonus Scheme, in respect of the year ended 31 March
2020.
The Ordinary Shares will vest on the third anniversary of grant
subject to continued employment. 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 11, 12 and 15 June 2020.
As outlined in the Company's Annual Report and Accounts, the
2019/20 annual bonus for both the CEO and CFO will be paid wholly
in shares, at their request. 50% of which is deferred for three
years under the terms of the Annual Bonus Scheme (as shown in the
above table). Acquisition of shares with the remaining 50% will be
separately notified the week commencing 22 June 2020. Additionally,
both the CEO and CFO elected to donate 25% of their salaries for
three months to local charities in our region which are helping the
response to COVID-19.
The Remuneration Committee has the discretion to reduce the
number of deferred shares subject to award before vesting or claw
back shares acquired (or their equivalent value) following vesting,
including in circumstances where it is determined that windfall
gains have resulted 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:
Richard Eadie, Head of Investor Relations
+44 (0)7889 806578
richard.eadie@severntrent.co.uk
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 13,418
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 8,086
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,961
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 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 Grant of deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 5,459
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 6,061
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 2,271
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 Andrew Smith
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 5,857
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
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 deferred share award under the Severn Trent
Annual Bonus Scheme
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,658
d) Aggregated information Not applicable - Single transaction
- Aggregated volume
- Price
e) Date of the transaction 2020-06-18
f) Place of the transaction Outside a trading venue
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London Stock Exchange. RNS is approved by the Financial Conduct
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHKKCBDPBKDCAD
(END) Dow Jones Newswires
June 19, 2020 11:22 ET (15:22 GMT)
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