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
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) |
| ||||||||||||||||||||
| 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) |
| ||||||||||||||||||||
| 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) |
| ||||||||||||||||||||
| 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) |
| ||||||||||||||||||||
| 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) |
| ||||||||||||||||||||
| 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) |
| ||||||||||||||||||||
| 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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