Results of the Placing
Severn Trent announces the successful pricing of the non-pre-emptive placing of new ordinary shares in the capital of the Company announced earlier today (the "Placing").
A total of 10,126,366 new ordinary shares in the capital of the Company (the "Placing Shares") have been placed by
Merrill Lynch International ("BofA Securities") and Morgan Stanley & Co. International ("Morgan Stanley", and together with BofA Securities, the "Joint Bookrunners" and "Joint Corporate Brokers")
, at a price of 2,400 pence per Placing Share (the "Placing Price").
Concurrently with the Placing
, retail investors have
subscribed in the offer made by the Company via the PrimaryBid platform for a total