REG - Severfield PLC - Director/PDMR Shareholding

SeverfieldAnnouncement

29/06/2022 12:00

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RNS Number : 6471Q  Severfield PLC  29 June 2022

Date of notification: 29(th) June 2022

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 2022 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 2022:

 Name of PDMR                    No. of shares held under the award
 Alan Dunsmore (CEO)             50,116
 Ian Cochrane (COO)              44,633
 Adam Semple (Finance director)  34,254
 Derek Randall (Director)        88,512

 

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 28(th) June 2022.

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  Ordinary shares of 2.5p

     Identification code

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      50,116
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      2022-06-28

 f)  Place of the transaction                                     Outside a trading venue

 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      50,116

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

2022-06-28

 

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  Ordinary shares of 2.5p

     Identification code

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      44,633
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      2022-06-28

 f)  Place of the transaction                                     Outside a trading venue

 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      44,633

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

2022-06-28

 

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  Ordinary shares of 2.5p

     Identification code

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      34,254
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      2022-06-28

 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  Ordinary shares of 2.5p

     Identification code

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      88,512
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      2022-06-28

 f)  Place of the transaction                                     Outside a trading venue

 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      34,254

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

2022-06-28

 

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      88,512

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

2022-06-28

 

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

29(th) June 2022

Classification 3.1

 

 

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