Severn Trent PLC Director/PDMR Shareholding (9093R)
July 01 2015 - 11:10AM
UK Regulatory
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
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END
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