Severn Trent PLC Director/PDMR Shareholding

RNS Number : 0367S

Severn Trent PLC

11 June 2024

 

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 ("ABS")

 

On 10 June 2024, 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 2021.  A sale of shares to cover tax liabilities completed the same day, as follows:

 

Director / PDMR  (date of award)	Number of deferred shares awarded	Number of shares released to PDMR*	Number of shares sold**	Price at which shares sold	Net number of shares acquired
O Garfield Director (08.06.21)	11,467	12,882	6,076	0.24130821p	6,806
H Miles Director (08.06.21)	5,385	6,046	2,852	0.24130821p	3,194
S Anderson PDMR (08.06.21)	1,585	1,777	839	0.24130821p	938
J Jesic PDMR (08.06.21)	3,819	4,288	2,023	0.24130821p	2,265
N Morrison PDMR (08.06.21)	3,883	4,359	2,056	0.24130821p	2,303
R Stear PDMR (08.06.21)	1,418	1,590	750	0.24130821p	840

 

*The number of shares released includes additional shares calculated to reflect dividends declared during the period from grant until vesting, 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 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 [phone]

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 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 2021 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 Sale of shares to cover tax and NI liabilities Nil   £24.130821 12,882   6,076
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 12,882 / Price GBP Nil Tax/NI Sale:  Volume  6,076 / Price GBP £24.130821
e)	Date of the transaction	Acquisition 2024-06-10 / Sale 2024-06-10
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 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 2021 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 Sale of shares to cover tax and NI liabilities Nil   £24.130821 6,046   2,852
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 6,046 / Price GBP Nil Tax/NI Sale:  Volume 2,852 / Price GBP £24.130821
e)	Date of the transaction	Acquisition 2024-06-10 / Sale 2024-06-10
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	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 2021 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  Sale of shares to cover tax and NI liabilities Nil   £24.130821 1,777   839
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 1,777 / Price GBP Nil Tax/NI Sale:  Volume 839 / Price GBP £24.130821
e)	Date of the transaction	Acquisition 2024-06-10 / Sale 2024-06-10
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 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 2021 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 Sale of shares to cover tax and NI liabilities Nil   £24.130821 4,288   2,023
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 4,288 / Price GBP Nil Tax/NI Sale:  Volume 2,023 / Price GBP £24.130821
e)	Date of the transaction	Acquisition 2024-06-10 / Sale 2024-06-10
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 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 2021 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  Sale of shares to cover tax and NI liabilities Nil   £24.130821  4,359   2,056
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 4,359 / Price GBP Nil Tax/NI Sale:  Volume 2,056 / Price GBP £24.130821
e)	Date of the transaction	Acquisition 2024-06-10 / Sale 2024-06-10
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 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 2021 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  Sale of shares to cover tax and NI liabilities Nil   £24.130821 1,590   750
d)	Aggregated information - Aggregated volume - Price	Acquisition:  Volume 1,590 / Price GBP Nil Tax/NI Sale:  Volume 750 / Price GBP £24.130821
e)	Date of the transaction	Acquisition 2024-06-10 / Sale 2024-06-10
f)	Place of the transaction	Outside a trading venue / London Stock Exchange, Main Market (XLON)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

DSHQKDBQABKDPAD