TIDMSVT

RNS Number : 4203F

Severn Trent PLC

15 July 2021

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.

On 14 July 2021, Severn Trent Plc granted awards over 202,105 Ordinary Shares under the terms of the Severn Trent Plc Long Term Incentive Plan 2021 (the "Plan") in line with the Directors' Remuneration Policy approved by shareholders at the Company's 2021 Annual General Meeting, including awards over 134,313 Ordinary Shares to Directors and Persons Discharging Managerial Responsibility ("PDMR") of the Company as set out below.

 
 Name            Status        No. of LTIP 
                              Shares Subject 
                                 to Award 
 O R Garfield    Director             55,461 
 J Bowling       Director             25,068 
 S Anderson      PDMR                  6,131 
 J Jesic         PDMR                  9,814 
 B Kennedy       PDMR                  9,026 
 H Miles         PDMR                 15,815 
 N Morrison      PDMR                  7,513 
 R Stear         PDMR                  5,485 
 

These Ordinary Shares will vest on 24 July 2024, depending on the achievement of performance targets and service with the Company. No consideration was paid for the grant of these awards and no payment is due on the release of any shares. The share price used to calculate these awards was based on the average of the mid-market price for an Ordinary Share in the Company over 9, 12 and 13 July 2021.

The Remuneration Committee has the discretion to make downward or upward adjustments to the Vesting resulting from the application of the Performance Conditions if the Remuneration Committee believes that the outcomes are not a fair and accurate reflection of overall financial and operational performance, this includes consideration of any windfall gains resulting from share price volatility.

The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

For further information please contact:

Stuart Howell, Head of Investor Relations+44 (0)770 371 8361

www.severntrent.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        55,461 
d)  Aggregated information                                       n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      James Bowling 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        25,068 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        6,131 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        9,814 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Bronagh Kennedy 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        9,026 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
1   Details of the person discharging managerial responsibilities/person closely associated 
a)  Name                                                      Helen Miles 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        15,815 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        7,513 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
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          Ordinary Shares of 97 17/19 pence each in Severn Trent 
    instrument                                                Plc 
    Identification code                                       Identification code for Severn Trent Plc shares: 
                                                              GB00B1FH8J72 
b)  Nature of the transaction                                 Grant of conditional award under the Severn Trent Long 
                                                              Term Incentive Plan 2021 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 Nil        5,485 
d)  Aggregated information                                    n/a (single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   2021-07-14 
f)  Place of the transaction                                  Outside a trading venue 
 

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July 15, 2021 10:59 ET (14:59 GMT)

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