Director/PDMR Shareholding
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Paul McNerney
2
Reason for the notification
a)
Position/status
CEO
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,614,906
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Andrew Page
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,164,596
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Robert Evans
2
Reason for the notification
a)
Position/status
UK MD
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
489,130
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Graeme Buchanan
2
Reason for the notification
a)
Position/status
Europe MD
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
388,198
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mark Sanderson
2
Reason for the notification
a)
Position/status
Company Secretary
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
318,322
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Abida Lalani
2
Reason for the notification
a)
Position/status
Group Strategy and Transformation Director
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
326,086
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Matt Gamble
2
Reason for the notification
a)
Position/status
Group Financial Controller
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
Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029.
The performance conditions are weighted as follows:
· 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
EPS in the final Financial Year of the Performance Period
Percentage of the Award subject to the EPS Performance Condition that Vests
Below 7.3 pence
0%
7.3 pence
25%
Between 7.3 pence and 8.9 pence*
On a straight line basis between 25% and 100%
8.9 pence
100%
*This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
Rank of the Company's TSR against the TSR of the members of the Comparator Group
Percentage of the Award subject to the TSR Performance Condition that Vests
Below median
0%
Median
25%
Between upper quartile and median
On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group
Upper quartile or above
100%
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
163,043
d)
Aggregated information
-
Aggregated volume
-
Price
Not applicable-single transaction
e)
Date of the transaction
29/6/26
f)
Place of the transaction
Outside a trading venue
Name of Company Official responsible for making notification:
Mark Sanderson, Company Secretary
Contact details: 01845 577896
Severfield plc
Severs House
Dalton Airfield Industrial Estate
Thirsk
North Yorkshire
YO7 3JN
1st July 2026
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