Severn Trent PLC Transaction in Own Shares (7543F)

TIDMSVT

RNS Number : 7543F

Severn Trent PLC

16 November 2015

SEVERN TRENT PLC

TRANSACTION IN OWN SECURITIES

Severn Trent Plc ("Severn Trent") announces today that it has purchased the following number of its ordinary shares of 97 17/19 pence each ("Ordinary Shares") on the London Stock Exchange from Morgan Stanley & Co. International PLC. Such purchase was effected pursuant to irrevocable instructions issued by Severn Trent to Morgan Stanley & Co. International PLC on 13 February 2015, as announced on the same day:

Ordinary Shares

   Date of purchase:                                          13 November 2015 
   Number of Ordinary Shares purchased:       14,488 
   Price per Ordinary Share:                             GBP21.2851 

The purchased shares will be held as treasury shares.

Following the above transaction, Severn Trent holds a total of 3,202,993 of its ordinary shares in treasury and has 236,132,659 ordinary shares in issue (excluding treasury shares).

Further to the announcement made on 13 February 2015, the irrevocable purchase programme entered into with Morgan Stanley & Co. International PLC (the "Programme") has been completed today in accordance with its terms. As at today's date, a total amount of GBP90m worth of shares has been spent under the Programme. Following the Company's interim results on 26 November the company intends to commence a programme to repurchase additional shares up to a value of GBP20m bringing the total repurchase to GBP110m.

 
 Enquiries 
 Investors & Analysts 
                                                         0207 353 4200 (on the 
 David Lloyd-Seed              Severn Trent Plc           day) 
 Head of Investor Relations                              02477 715000 
 
                                                         0207 353 4200 (on the 
 Richard Tunnicliffe           Severn Trent Plc           day) 
 Investor Relations Manager                              02477 715000 
 
 Media 
 Martha Walsh/Chris Hughes     Tulchan Communications    02477 715000 
 

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2015 02:00 ET (07:00 GMT)