REG - Severfield PLC - Director/PDMR Shareholding
13/07/2022 11:30
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RNS Number : 3556S Severfield PLC 13 July 2022
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 Ordinary shares of 2.5p
Identification code
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 634,076
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 11/7/22
f) Place of the transaction Outside a trading venue
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 634,076
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
11/7/22
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 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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 564,604
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 11/7/22
f) Place of the transaction Outside a trading venue
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 564,604
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
11/7/22
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 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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 325,000
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 11/7/22
f) Place of the transaction Outside a trading venue
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 325,000
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
11/7/22
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 Ordinary shares of 2.5p
Identification code
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 348,144
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 11/7/22
f) Place of the transaction Outside a trading venue
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 348,144
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
11/7/22
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 Ordinary shares of 2.5p
Identification code
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 131,779
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 11/7/22
f) Place of the transaction Outside a trading venue
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 131,779
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
11/7/22
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 Ordinary shares of 2.5p
Identification code
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 46,411
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 11/7/22
f) Place of the transaction Outside a trading venue
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 2025 are 7.5 pence (threshold
performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with
linear interpolation in between. This represents a PBT range of £31.5m to
£38m.
c)
Price(s) and volume(s)
Price(s) Volume(s)
Nil 46,411
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
11/7/22
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
12 July 2022
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