REG - Severfield PLC - Director/PDMR Shareholding
31/07/2023 15:30
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RNS Number : 7774H Severfield PLC 31 July 2023
Date of notification: 28(th) July 2023
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 July 2023 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 2023:
Name of PDMR No. of shares held under the award
Alan Dunsmore (CEO) 211,416
Ian Cochrane (COO) 188,253
Adam Semple (Finance director) 144,484
Derek Randall (Director) 156,893
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 2023.
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 211,416
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 2023-07-28
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 211,416
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
2023-07-28
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 188,253
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 2023-07-28
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 188,253
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
2023-07-28
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 144,484
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 2023-07-28
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 156,893
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 2023-07-28
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 144,484
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
2023-07-28
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 156,893
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
2023-07-28
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
28(th) July 2023
Classification 3.1
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