REG - Severfield PLC - Director/PDMR Shareholding

SeverfieldAnnouncement

18/12/2020 15:10

RNS Number : 2201J
  
Severfield PLC
  
18 December 2020
  
 

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


Alan Dunsmore 




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 a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2023 are 6.57 pence (threshold performance - 25% vests) to 8.36 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £25.5m to £32.5m.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


529,809








d)


Aggregated information



-


Aggregated volume







-


Price






Not applicable-single transaction




e)


Date of the transaction


18/12/20 




f)


Place of the transaction


Outside a trading venue



 



1 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


Ian Cochrane 




2 


Reason for the notification 




a)


Position/status


COO




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 a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2023 are 6.57 pence (threshold performance - 25% vests) to 8.36 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £25.5m to £32.5m.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


472,133








d)


Aggregated information



-


Aggregated volume



 



-


Price






Not applicable-single transaction




e)


Date of the transaction


18/12/20 




f)


Place of the transaction


Outside a trading venue



 



1 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


Adam Semple 




2 


Reason for the notification 




a)


Position/status


Finance 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 a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2023 are 6.57 pence (threshold performance - 25% vests) to 8.36 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £25.5m to £32.5m.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


271,739








d)


Aggregated information



-


Aggregated volume



 



-


Price






Not applicable-single transaction




e)


Date of the transaction


18/12/20 




f)


Place of the transaction


Outside a trading venue



 



1 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


Derek Randall 




2 


Reason for the notification 




a)


Position/status


Executive 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 a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2023 are 6.57 pence (threshold performance - 25% vests) to 8.36 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £25.5m to £32.5m.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


291,210








d)


Aggregated information



-


Aggregated volume



 



-


Price






Not applicable-single transaction




e)


Date of the transaction


18/12/20




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 a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2023 are 6.57 pence (threshold performance - 25% vests) to 8.36 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £25.5m to £32.5m..




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


110,183








d)


Aggregated information



-


Aggregated volume



 



-


Price






Not applicable-single transaction




e)


Date of the transaction


18/12/20  




f)


Place of the transaction


Outside a trading venue



 



1 


Details of the person discharging managerial responsibilities/person closely associated 




a)


Name


Gemma Mortimer 




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 a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2023 are 6.57 pence (threshold performance - 25% vests) to 8.36 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £25.5m to £32.5m..




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


34,420








d)


Aggregated information



-


Aggregated volume



 



-


Price






Not applicable-single transaction




e)


Date of the transaction


18/12/20  




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
18 December 2020

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