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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Severn Trent Plc | LSE:SVT | London | Ordinary Share | GB00B1FH8J72 | ORD 97 17/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
40.00 | 1.61% | 2,517.00 | 2,517.00 | 2,519.00 | 2,555.00 | 2,483.00 | 2,485.00 | 539,010 | 16:35:21 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Water Supply | 2.17B | 132.2M | 0.4420 | 56.99 | 7.53B |
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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(END) Dow Jones Newswires
July 28, 2022 09:02 ET (13:02 GMT)
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