Severn Trent PLC Director/PDMR Shareholding
June 11 2024 - 11:52AM
RNS Regulatory News
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 +44 (0) 782 462 4011
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)
|
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