Key Developments: Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

2,016.00GBp
19 Dec 2014
Price Change (% chg)

1.00p (+0.05%)
Prev Close
2,015.00p
Open
2,022.00p
Day's High
2,035.00p
Day's Low
2,005.00p
Volume
1,214,493
Avg. Vol
704,066
52-wk High
2,086.00p
52-wk Low
1,626.00p

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Latest Key Developments (Source: Significant Developments)

Severn Trent Plc reaffirms FY 2015 outlook
Tuesday, 25 Nov 2014 02:00am EST 

Severn Trent Plc:Says that it is on track to deliver its expectations for FY 2015.  Full Article

Severn Trent PLC declares interim dividend
Tuesday, 25 Nov 2014 02:00am EST 

Severn Trent PLC:Declared an interim ordinary dividend of 33.96 pence per share (32.16 pence per share, +5.6 pct), which will be paid on Jan. 9, 2015 to shareholders on the register at Dec. 5.  Full Article

Severn Trent PLC announces change in management
Monday, 20 Oct 2014 02:01am EDT 

Severn Trent PLC:Says Mike McKeon, Chief Financial Officer, has given notice to the Board that he has decided to retire with effect from Spring 2015.Mike will be succeeded by James Bowling and further announcement will be made in due course confirming James' start date.Mike will remain in post to ensure an orderly handover to James.James is currently Interim Chief Financial Officer of Shire plc.  Full Article

Severn Trent PLC announces typographical error with payment date of dividend
Thursday, 29 May 2014 04:23am EDT 

Severn Trent PLC:Says correct payment date for the proposed final ordinary dividend of 48.24 pence should have been disclosed as being July 25.Record date should have been stated to be June 20.  Full Article

Severn Trent PLC announces ordinary dividend
Thursday, 29 May 2014 02:00am EDT 

Severn Trent PLC:Says total ordinary dividend for March 31, 2014 of 80.40 pence, an increase of 6 pct over 2012/13 total ordinary dividend.Dividend is payable on July 26.Record date on June 21.  Full Article

Severn Trent Plc announces holding interest of Newton Investment Management Ltd.
Monday, 10 Feb 2014 04:47am EST 

Severn Trent Plc:Says Newton Investment Management Ltd holds 4.80 pct of voting rights in the company.  Full Article

Costain Group PLC sells stakes in three joint venture companies to Severn Trent Plc
Friday, 20 Dec 2013 02:00am EST 

Costain Group PLC:Announces that, as part of the continuing disposal of its PFI equity portfolio, on Dec. 19, it entered into an agreement to sell its minority shareholdings in three joint venture companies to Severn Trent Plc, for an aggregate cash consideration of 12.0 million pounds.Says the transfers were completed on the same date.Says upon completion, Severn Trent became the 100 percent owner of the three companies which provide services in the water sector.Says the Group will use the funds for investment and working capital purposes.Says the three companies are: Severn Trent Costain Holdings Limited, Severn Trent Costain Services Limited and Severn Trent Costain Limited.  Full Article

Severn Trent Plc appoints Liv Garfield CEO; declares interim dividend
Tuesday, 26 Nov 2013 02:00am EST 

Severn Trent Plc:Says Liv Garfield to join Severn Trent in Spring 2014 as CEO.Says its board has declared an interim ordinary dividend of 32.16p per share for FY 2013/2014 (FY 2012/2013 30.34p per share, +6.0%).Says dividend will be paid on Jan. 10, 2014 to shareholders on the register at Dec. 6.  Full Article

Severn Trent Plc Announces Holding Interest Of Legal & General Group Plc
Thursday, 19 Sep 2013 06:14am EDT 

Severn Trent Plc announced that Legal & General Group Plc holds 9,537,878 shares, representing 3.99% of voting rights in the Company.  Full Article

Severn Trent Plc Rejects Revised LongRiver Proposal Of 2,125 Pence Per Share-DJ
Monday, 3 Jun 2013 04:51am EDT 

Dow Jones reported that Severn Trent Plc announced that it has received a revised conditional proposal from LongRiver Partners, and further said that it has rejected the revised proposal as it doesn't reflect the long term value of the Company or recognizes its future potential. LongRiver Partners is a consortium led by Borealis Infrastructure Management Inc., and including the Kuwait Investment Office and Universities Superannuation Scheme Limited. Revised proposal was at a price of 2,125 pence per Severn Trent ordinary share but assumed that the 45.51 pence per share final dividend already announced in respect of the year ended March 31 was not paid to shareholders. If the announced final dividend was paid to shareholders, then the revised proposal valued each ordinary share at 2,079.49 pence. Board of Severn Trent, having consulted its financial advisers, has unanimously concluded that the Revised Proposal, which represents a premium of only 16% to Severn Trent's share price the day before the announcement of LongRiver's interest in Severn Trent, fails to reflect the significant long term value of Severn Trent or to recognize its future potential.  Full Article

UPDATE 1-Severn Trent on track for higher dividend as profits rise

LONDON, Nov 25 - British water company Severn Trent reported a 3 percent rise in half-year profit on Tuesday, allowing it to keep a promise to pay shareholders a higher full-year dividend.

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