TIDMSVT

RNS Number : 9093R

Severn Trent PLC

01 July 2015

NOTIFICATION OF TRANSACTIONS BY DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Notification made in accordance with Disclosure Rule 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules.

Severn Trent Annual Bonus Scheme - 2015 Deferred Share Awards

On 29 June 2015 Severn Trent Plc (the "Company") granted deferred share awards totalling 29,555 Ordinary Shares of 97 (17/19) pence each ("Ordinary Shares") in the Company, as procured by the Remuneration Committee on 20 May 2015 under the terms of the Severn Trent Annual Bonus Scheme, in respect of the year ended 31 March 2015, including 28,952 Ordinary Shares to the Directors and Persons Discharging Managerial Responsibilities ("PDMR") of the Company as set out below (the "PDMR Awards"). The Ordinary Shares will vest on the third anniversary of grant subject to continued employment.

 
 Name            Status         No. of Deferred 
                              Shares Subject to 
                                          Award 
 A J Ballance    PDMR                     2,400 
 S Bentley       PDMR                     2,292 
 E Dickey        PDMR                     1,833 
 O R Garfield    Director                 9,668 
 M J Kane        PDMR                     4,740 
 B Kennedy       PDMR                     1,922 
 H Miles         PDMR                     1,856 
 A P Smith       PDMR                     4,241 
 

The grant of the PDMR Awards was notified to the Company by the PDMRs set out above on 30 June 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

Severn Trent Annual Bonus Scheme - 2012 Deferred Share Release

The independent Trustee of the Severn Trent Plc Employee Share Ownership Trust (the "Trust") notified the Company on 29 June 2015 that it had on 29 June 2015 transferred the beneficial interest in a total of 18,233 Ordinary Shares of 97(17/19) p each in the Company (the "Shares") for nil consideration to participants in the Annual Bonus Scheme (the "ABS"), including 17,444 Shares to Directors and Persons Discharging Managerial Responsibilities (PDMRs) of the Company as indicated below (the "PDMR Shares"), pursuant to awards made under the ABS in 2012.

PDMRs are potential beneficiaries under the Trust and, therefore, (except as disclosed below) their interests in shares held by the Trust ceased on such transfer.

 
 Participant            Shares,    No. of           No. of        Price at         Net No. of 
                        subject    Shares           Shares    which Shares    Shares acquired 
                  to ABS Award,      sold          sold to            sold 
                    transferred                      cover 
                        to PDMR              tax liability 
 A J Ballance             3,898       N/A            1,839        GBP21.25              2,059 
                ---------------  --------  ---------------  --------------  ----------------- 
 E Dickey                 1,711       N/A              808        GBP21.25                903 
                ---------------  --------  ---------------  --------------  ----------------- 
 M J Kane                 4,897       N/A            2,310        GBP21.25              2,587 
                ---------------  --------  ---------------  --------------  ----------------- 
 B Kennedy                1,878       N/A              886        GBP21.25                992 
                ---------------  --------  ---------------  --------------  ----------------- 
 A P Smith                5,060       N/A            2,387        GBP21.25              2,673 
                ---------------  --------  ---------------  --------------  ----------------- 
 

The transfer of the beneficial interest in the PDMR Shares by the Trustee to the participants shown in the preceding table and the subsequent sale of such Shares (as disclosed above) was notified to the Company by all of the persons identified in the preceding table on 30 June 2015 pursuant to Disclosure Rule 3.1.2R of the Disclosure and Transparency Rules.

www.severntrent.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSPKDDDPBKDKOK

Severn Trent (LSE:SVT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Severn Trent Charts.
Severn Trent (LSE:SVT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Severn Trent Charts.