REG - Severfield PLC - Director/PDMR Shareholding

SeverfieldAnnouncement

28/06/2021 17:25

RNS Number : 3849D
  
Severfield PLC
  
28 June 2021
  
 

Date of notification: 28th June 2021
SEVERFIELD PLC
DIRECTOR/PDMR SHAREHOLDINGS-AWARD OF DEFERRED BONUS SHARES
Severfield plc ("the Company") wishes to notify the following changes in the interests of persons discharging managerial responsibility ("PDMRs") in ordinary shares ("Shares").
GRANT OF DEFERRED BONUS SHARE AWARDS
On 28th June 2021 a grant of the following deferred awards over Shares under the Company's Deferred Share Bonus Plan ("DSBP") was made to the following PDMRs representing a proportion of their bonus entitlement for the financial year to 31 March 2021:




Name of PDMR


No. of shares held under the award




Alan Dunsmore (CEO)


183,032




Ian Cochrane (COO)


163,106




Derek Randall (Director)


134,137




Adam Semple (Finance Director)


123,899




 
The awards are structured as nil exercise cost options normally exercisable between 3 and 10 years after grant. No consideration was paid for the grant of the awards.  
The Company was notified of these transactions on 28th June 2021.
Details of the full notifications received by the Company are set out below:
 




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 Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award 




c)


Price(s) and volume(s)






Price(s)


Volume(s)




 Nil


183,032




 




d)


Aggregated information




-


Aggregated volume




 




-


Price




 


Not applicable-single transaction




e)


Date of the transaction


2021-06-28
 




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 Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award.  




c)


Price(s) and volume(s)






Price(s)


Volume(s)




 Nil


163,106




 




d)


Aggregated information




-


Aggregated volume




 




-


Price




 


Not applicable-single transaction




e)


Date of the transaction


2021-06-28
 




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


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 Deferred Bonus Share Plan. The award is a nil exercise cost option exercisable normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award.  




c)


Price(s) and volume(s)






Price(s)


Volume(s)




 Nil


134,137




 




d)


Aggregated information




-


Aggregated volume




 




-


Price




 


Not applicable-single transaction




e)


Date of the transaction


2021-06-28
 




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 Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award




c)


Price(s) and volume(s)






Price(s)


Volume(s)




 Nil


123,899




 




d)


Aggregated information




-


Aggregated volume




 




-


Price




 


Not applicable-single transaction




e)


Date of the transaction


2021-06-28
 




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
28th June 2021
Classification 3.1
 
 

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