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Severn Trent PLC - Director/PDMR Shareholding

RNS Number : 1279R
Severn Trent PLC
25 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.

 

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

 

On 23 June 2020, 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 2017, and subsequently sold Shares in order to cover tax liabilities:

 

Director / PDMR (date of award)

Number of conditional shares awarded

Number of shares released to PDMR*

 

Number of shares sold to cover tax liability

Price at which shares sold

Net number of shares acquired

O Garfield

Director

(20.06.17)

42,383

47,914

22,603

2511.28p

25,311

J Bowling

Director

(20.06.17)

17,028

19,248

9,080

2511.28p

10,168

S Anderson

PDMR

(20.06.17)

1,704

1,923

908

2511.28p

1,015

S Bentley

PDMR

(20.06.17)

10,851

12,264

5,786

2511.28p

6,478

J Jesic

PDMR

(20.06.17)

1,969

2,223

1,049

2511.28p

1,174

M Kane

PDMR

(20.06.17)

5,583

6,309

2,850

2511.28p

3,459

B Kennedy

PDMR

(20.06.17)

9,151

10,343

4,880

2511.28p

5,463

H Miles

PDMR

(20.06.17)

10,016

11,321

5,341

2511.28p

5,980

N Morrison

PDMR

(03.07.17)

5,830

6,588

3,108

2511.28p

3,480

A P Smith

PDMR

(20.06.17)

9,816

11,095

5,234

2511.28p

5,861

R Stear

PDMR

(20.06.17)

1,669

1,884

889

2511.28p

995

 

*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.

 

Notifications set out below, 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

[email protected]

 

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

£25.1128

47,914

 

22,603

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 47,914 / Price GBP Nil

Tax/NI Sale:  Volume 22,603 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

19,248

 

9,080

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 19,248 / Price GBP Nil

Tax/NI Sale:  Volume 9,080 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

1,923

 

908

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 1,923 / Price GBP Nil

Tax/NI Sale:  Volume 908 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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

Sarah Bentley

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

12,264

 

5,786

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 12,264 / Price GBP Nil

Tax/NI Sale:  Volume 5,786 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

2,223

 

1,049

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 2,223 / Price GBP Nil

Tax/NI Sale:  Volume 1,049 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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

Martin Kane

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

6,309

 

2,850

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,309 / Price GBP Nil

Tax/NI Sale:  Volume 2,850  / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

10,343

 

4,880

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 10,343 / Price GBP Nil

Tax/NI Sale:  Volume 4,880 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

11,321

 

5,341

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 11,321 / Price GBP Nil

Tax/NI Sale:  Volume 5,341 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

6,588

 

3,108

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 6,588 / Price GBP Nil

Tax/NI Sale:  Volume 3,108 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

11,095

 

5,234

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 11,095 / Price GBP Nil

Tax/NI Sale:  Volume 5,234 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

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 instrument

Identification code

Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

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 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 

Sale of shares to cover tax and NI liabilities

Nil

 

 £25.1128

1,884

 

889

d)

Aggregated information

- Aggregated volume

- Price

Acquisition:  Volume 1,884 / Price GBP Nil

Tax/NI Sale:  Volume 889 / Price GBP £25.1128

e)

Date of the transaction

2020-06-23

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

 


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END
 
 
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Quick facts: Severn Trent

Price: 2490

Market: LSE
Market Cap: £5.95 billion
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