RNS Number : 0145T
Severfield PLC
29 July 2025
29th July 2025
Severfield plc
Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them
The following notification relates to the vesting and exercise of nil cost share options granted under the Severfield Deferred Share Bonus Plan ("the Plan") on 28th June 2022 representing part of bonus earned in 2021/22. These options vested on 28th July 2025 and were exercised and settled as set out below.
In accordance with the rules of the Plan and the Company's Directors' Remuneration Policy, where directors chose to exercise and sell the shares they would have acquired, they received a cash payment. This only applied to directors who already satisfy the Company's shareholding requirement. In accordance with the rules of the Plan, where directors chose to exercise and keep their shares, they were awarded shares out of the Severfield EBT to the value of the after tax benefit, with the tax being settled in cash.
Name
Number of shares awarded on 28th June 2022
Number of shares vested and exercised on 28th July 2025 after dividend equivalent adjustment
Cash paid to settle tax calculated at a share price of £0.32
Cash to be paid to participant after tax
Shares retained by individual
Adam Semple
34,254
42,943
£6,458
n/a
22,759
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Adam Semple
2
Reason for the notification
a)
Position/status
CFO
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Severfield plc
b)
LEI
21380025AWPR781CY104
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 2.5p
GB00B27YGJ97
b)
Nature of the transaction
Exercise of DSBP award made in 2022 representing bonus earned in 2021/22 and settlement of that exercise by cash settling the tax liability and share transfer to the value of the after tax benefit.
c)
Price(s) and volume(s)
Price
Volume
Total
Share settlement
£0.32
22,759
£7,282
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable
e)
Date of the transaction
28 July 2025
f)
Place of the transaction
Outside a trading venue
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