TIDMSVT

RNS Number : 8078G

Severn Trent PLC

28 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.

Vesting of Shares under the Long Term Incentive Plan 2014 ("LTIP")

On 27 July 2021, the following Directors and PDMRs received a transfer of Shares from the Company (which it held as treasury shares) for nil consideration on the vesting of awards made under the LTIP in 2018, and subsequently sold Shares in order to cover tax liabilities:

 
 Director         Number of         Number       Number of        Price at        Net number 
  / PDMR (date     conditional       of shares    shares sold      which shares    of shares 
  of award)        shares awarded    released     to cover         sold            acquired 
                                     to PDMR*     tax liability 
 O Garfield 
  Director 
  (24.07.18)               72,880       82,249           38,407        2738.26p       43,842 
                 ----------------  -----------  ---------------  --------------  ----------- 
 J Bowling 
  Director 
  (24.07.18)               32,941       37,174           17,359        2738.26p       19,815 
                 ----------------  -----------  ---------------  --------------  ----------- 
 S Anderson 
  PDMR 
  (24.07.18)                2,574        2,902            1,356        2738.26p        1,546 
                 ----------------  -----------  ---------------  --------------  ----------- 
 J Jesic 
  PDMR 
  (24.07.18)                7,387        8,335            3,893        2738.26p        4,442 
                 ----------------  -----------  ---------------  --------------  ----------- 
 B Kennedy 
  PDMR 
  (24.07.18)               11,802       13,317            6,219        2738.26p        7,098 
                 ----------------  -----------  ---------------  --------------  ----------- 
 H Miles 
  PDMR 
  (24.07.18)               16,953       19,131            8,934        2738.26p       10,197 
                 ----------------  -----------  ---------------  --------------  ----------- 
 N Morrison 
  PDMR 
  (24.07.18)                8,679        9,792            4,573        2738.26p        5,219 
                 ----------------  -----------  ---------------  --------------  ----------- 
 A P Smith 
  PDMR 
  (24.07.18)               12,663       14,289            6,673        2738.26p        7,616 
                 ----------------  -----------  ---------------  --------------  ----------- 
 

*The number of shares released includes additional shares calculated to reflect dividends declared during the period from grant until vesting, in accordance with the LTIP rules.

The 2018 LTIP award made under the 2018 Remuneration Policy introduced a stretch award comparative element to Return on Regulatory Equity ('RoRE'), measured by Upper Quartile ('UQ') comparison against other Water and Sewerage Companies ('WaSCs'). As all WaSCs have now published their Annual Performance Reports, it has been determined that Severn Trent's three-year average RoRE during the performance period was UQ, meaning awards vested in full at 100%.

Notifications set out below, 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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           82,249 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    38,407 
d)  Aggregated information                                    Acquisition: Volume 82,249 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 38,407 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           37,174 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    17,359 
d)  Aggregated information                                    Acquisition: Volume 37,174 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 17,359 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           2,902 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    1,356 
d)  Aggregated information                                    Acquisition: Volume 2,902 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 1,356 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           8,335 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    3,893 
d)  Aggregated information                                    Acquisition: Volume 8,335 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 3,893 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           13,317 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    6,219 
d)  Aggregated information                                    Acquisition: Volume 13,317 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 6,219 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           19,131 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    8,934 
d)  Aggregated information                                    Acquisition: Volume 19,131 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 8,934 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           9,792 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    4,573 
d)  Aggregated information                                    Acquisition: Volume 9,792 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 4,573 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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                                                      Andrew Smith 
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                                 Acquisition of shares on the vesting of a conditional 
                                                              award granted under the LTIP in 2018 
                                                              and sale of shares to cover tax and national insurance 
                                                              liabilities. 
c)  Price(s) and volume(s)                                                                   Price(s)      Volume(s) 
                                                                Acquisition of shares 
                                                                 on vesting of LTIP           Nil           14,289 
                                                                 Sale of shares to cover 
                                                                 tax and NI liabilities        GBP27.3826    6,673 
d)  Aggregated information                                    Acquisition: Volume 14,289 / Price GBP Nil 
     - Aggregated volume                                       Tax/NI Sale: Volume 6,673 / Price GBP GBP27.3826 
     - Price 
e)  Date of the transaction                                   2021-07-27 
f)  Place of the transaction                                  London Stock Exchange, Main Market (XLON) 
 

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July 28, 2021 11:39 ET (15:39 GMT)

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