REG - Severn Trent PLC - Director/PDMR Shareholding

Severn TrentAnnouncement

11/06/2024 18:00

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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    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

 (date of award)
 O Garfield         11,467                             12,882                              6,076                    0.24130821p                 6,806

 Director

 (08.06.21)
 H Miles            5,385                              6,046                               2,852                    0.24130821p                 3,194

 Director

 (08.06.21)
 S Anderson         1,585                              1,777                               839                      0.24130821p                 938

 PDMR

 (08.06.21)
 J Jesic            3,819                              4,288                               2,023                    0.24130821p                 2,265

 PDMR

 (08.06.21)
 N Morrison         3,883                              4,359                               2,056                    0.24130821p                 2,303

 PDMR

 (08.06.21)
 R Stear            1,418                              1,590                               750                      0.24130821p                 840

 PDMR

 (08.06.21)

 

*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 +44 (0) 782 462 4011

www.severntrent.com (http://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  Ordinary Shares of 97 17/19 pence each in Severn Trent Plc

     Identification code                                          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            Nil           12,882

                                                                  Sale of shares to cover tax and NI liabilities

                                                                                               £24.130821    6,076

 d)  Aggregated information                                       Acquisition:  Volume 12,882 / Price GBP Nil

     - Aggregated volume                                          Tax/NI Sale:  Volume  6,076 / Price GBP £24.130821

     - Price
 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)

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

     Identification code                                          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            Nil           6,046

                                                                  Sale of shares to cover tax and NI liabilities

                                                                                               £24.130821    2,852

 d)  Aggregated information                                       Acquisition:  Volume 6,046 / Price GBP Nil

     - Aggregated volume                                          Tax/NI Sale:  Volume 2,852 / Price GBP £24.130821

     - Price
 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)

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

     Identification code                                          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            Nil           1,777

                                                                  Sale of shares to cover tax and NI liabilities

                                                                                               £24.130821    839

 d)  Aggregated information                                       Acquisition:  Volume 1,777 / Price GBP Nil

     - Aggregated volume                                          Tax/NI Sale:  Volume 839 / Price GBP £24.130821

     - Price
 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)

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

     Identification code                                          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            Nil           4,288

                                                                  Sale of shares to cover tax and NI liabilities

                                                                                               £24.130821    2,023

 d)  Aggregated information                                       Acquisition:  Volume 4,288 / Price GBP Nil

     - Aggregated volume                                          Tax/NI Sale:  Volume 2,023 / Price GBP £24.130821

     - Price
 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)

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

     Identification code                                          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            Nil            4,359

                                                                  Sale of shares to cover tax and NI liabilities

                                                                                               £24.130821    2,056

 d)  Aggregated information                                       Acquisition:  Volume 4,359 / Price GBP Nil

     - Aggregated volume                                          Tax/NI Sale:  Volume 2,056 / Price GBP £24.130821

     - Price
 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)

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

     Identification code                                          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            Nil           1,590

                                                                  Sale of shares to cover tax and NI liabilities

                                                                                               £24.130821    750

 d)  Aggregated information                                       Acquisition:  Volume 1,590 / Price GBP Nil

     - Aggregated volume                                          Tax/NI Sale:  Volume 750 / Price GBP £24.130821

     - Price
 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)

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)

 

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