REG - Severfield PLC - Director/PDMR Shareholding
01/07/2024 12:45
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RNS Number : 6313U Severfield PLC 01 July 2024
1(st) July 2024
Severfield plc
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them
The following notification relates to the vesting and exercise of nil cost
share options granted under the Severfield Deferred Share Bonus Plan ("the
Plan") on 28(th) June 2021. These options vested on 28(th) June 2024 and were
exercised and settled as set out below.
In accordance with the rules of the Plan and the Company's Directors'
Remuneration Policy, where directors chose to exercise and sell the shares
they would have acquired, they received a cash payment. This only applied to
directors who already satisfy the Company's shareholding requirement. In
accordance with the rules of the Plan, where directors chose to exercise and
keep their shares, they were awarded shares out of the Severfield EBT to the
value of the after tax benefit, with the tax being settled in cash.
Name Number of shares awarded on 28(th) June 2021 Number of shares vested and exercised on 28(th) June 2024 after dividend Cash paid to settle tax calculated at a share price of £0.758 Cash to be paid to participant after tax calculated at a share price of Shares retained by individual
equivalent adjustment £0.758
Alan Dunsmore 183,032 215,079 £76,625 £86,405 0
Derek Randall 134,137 157,623 £56,155 £63,323 0
Adam Semple 123,899 145,593 £51,869 n/a 77,164
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 Exercise of DSBP award and settlement of that exercise with a cash payment.
c) Price(s) and volume(s) Price Volume Total
£0.758 (price per share paid to settle the exercise of the DSBP award) 215,079 £163,030
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 28 June 2024
f) Place of the transaction Outside a trading venue
GB00B27YGJ97
b)
Nature of the transaction
Exercise of DSBP award and settlement of that exercise with a cash payment.
c)
Price(s) and volume(s)
Price Volume Total
£0.758 (price per share paid to settle the exercise of the DSBP award) 215,079 £163,030
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
28 June 2024
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 Exercise of DSBP award and settlement of that exercise with a cash payment.
c) Price(s) and volume(s) Price Volume Total
£0.758 (price per share paid to settle the exercise of the DSBP award) 157,623 £119,478
d) Aggregated information Not applicable-single transaction
- Aggregated volume
- Price
e) Date of the transaction 28 June 2024
f) Place of the transaction Outside a trading venue
GB00B27YGJ97
b)
Nature of the transaction
Exercise of DSBP award and settlement of that exercise with a cash payment.
c)
Price(s) and volume(s)
Price Volume Total
£0.758 (price per share paid to settle the exercise of the DSBP award) 157,623 £119,478
d)
Aggregated information
- Aggregated volume
- Price
Not applicable-single transaction
e)
Date of the transaction
28 June 2024
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 CFO
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 Exercise of DSBP award and settlement of that exercise partly in shares and
partly with a cash payment.
c) Price(s) and volume(s)
Price Volume Total
1.Share settlement £0.00 77,164 £0
2. Cash settlement £0.758 (price per share paid to settle the exercise of the proportion of the 68,429 £51,869
DSBP award which is cash settled)
d) Aggregated information
- Aggregated volume
Not applicable
- Price
e) Date of the transaction 28 June 2024
f) Place of the transaction 1. Outside a trading venue
2. XLON
GB00B27YGJ97
b)
Nature of the transaction
Exercise of DSBP award and settlement of that exercise partly in shares and
partly with a cash payment.
c)
Price(s) and volume(s)
Price Volume Total
1.Share settlement £0.00 77,164 £0
2. Cash settlement £0.758 (price per share paid to settle the exercise of the proportion of the 68,429 £51,869
DSBP award which is cash settled)
d)
Aggregated information
- Aggregated volume
- Price
Not applicable
e)
Date of the transaction
28 June 2024
f)
Place of the transaction
1. Outside a trading venue
2. XLON
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