Investors

Share capital history
Severn Trent PLC was listed on the London Stock Exchange with effect from 12 December 1989. View our breakdown of share prices, bonuses and discounts.

Flotation

On 22 November 1989 Offers for Sale were made by Schroders on behalf of The Secretary of State for the Environment and The Secretary of State for Wales, for the ten Water Holding Companies that were created following the implementation in July 1989 of The Water Act 1983.

353,646,000 Ordinary Shares of £1 each were offered in Severn Trent Plc (a Water Holding Company) at a price of 240p.  The deadline for applications was 6 December 1989 and 100p of the offer price was payable on application.  A second instalment of 70p was payable on 31 July 1990 and the final instalment was payable 30 July 1991.  Severn Trent Plc was listed on the London Stock Exchange with effect from 12 December 1989.

A number of special incentives were offered at the time of the sale.  Eligible customers were able to opt for one of the following:

  • Customer Discount

  • Customer Share Bonus

  • Non-Customer Share Bonus

Special offers were also available to employees and pensioners:

  • Employee Discount and Priority Offer

  • Pensioner Priority Offer

Customer Discount

In respect of each Severn Trent Plc share purchased, a discount of 10p on the second instalment was offered, if the share was held continuously until 28 June 1990.  A further discount of 10p per share on the final instalment was available if the share was held continuously until 27 June 1991.  The maximum discount available was £300.

   

Number of shares 

held continuously

Amount of discount on 

second instalment


Amount of discount

on final instalment

Total discount

100

£10

£10

£20

200

£20

£20

£40

500

£50

£50

£100

1,000

£100

£100

£200

1,500 and above

£150

£150

£300

Customer Share Bonus

For every ten shares purchased in Severn Trent Plc and which continued to be held up to and including 31 December 1992, one additional share was awarded.  The maximum number of additional shares available per application was 300.  Fractions of shares were not awarded.

 

 Non-Customer Share Bonus

For every twenty Severn Trent Plc shares which continued to be held up to and including 31 December 1992, one additional share was awarded.  The maximum number of additional shares available per applicant was 150.  Fractions of shares were not awarded. Share offers for employees and pensioners

Should you require further information please contact us using the link below

However, if you require further information regarding the tax treatment of your shares in Severn Trent, or are in any doubt about your taxation position, you should obtain professional advice.