Severn Trent PLC Director/PDMR Shareholding
03 Julho 2024 - 11:58AM
RNS Regulatory News
RNS Number : 0405V
Severn Trent PLC
03 July 2024
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 2 July 2024, Severn Trent Plc
granted awards over 321,377 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
182,382 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
|
66,856
|
H Miles
|
Director
|
35,117
|
S Anderson
|
PDMR
|
16,178
|
J Burditt
|
PDMR
|
8,047
|
S Cawley
|
PDMR
|
5,852
|
D Dhillon
|
PDMR
|
7,079
|
J Jesic
|
PDMR
|
16,555
|
N Morrison
|
PDMR
|
14,563
|
R Stear
|
PDMR
|
12,135
|
These Ordinary Shares will vest on
27 July 2027, 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 27 June, 28 June and 1 July
2024.
The Remuneration Committee has the
discretion to make downward or upward adjustments to the Vesting
resulting from the application of the Performance Conditions if it
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:
Rachel Martin, Head of Investor
Relations +44 (0) 782 462 4011
www.severntrent.com
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
66,856
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
35,117
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
16,178
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
a)
|
Name
|
Judith Burditt
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
8,047
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
a)
|
Name
|
Stephanie Cawley
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
5,852
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
1
|
Details of the person discharging
managerial responsibilities/person closely associated
|
a)
|
Name
|
Didar Dhillon
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
7,079
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
16,555
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
14,563
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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
|
Grant of conditional award under the
Severn Trent Long Term Incentive Plan 2021
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
12,135
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a (single transaction)
|
e)
|
Date of the transaction
|
2024-07-02
|
f)
|
Place of the transaction
|
Outside a trading venue
|
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END
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