REG - Severfield PLC - Director/PDMR Shareholding

SeverfieldAnnouncement

29/07/2025 11:30

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RNS Number : 0145T  Severfield PLC  29 July 2025

29th July 2025

 

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 2022 representing part of bonus earned in 2021/22. These
options vested on 28(th) July 2025 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 2022  Number of shares vested and exercised on 28(th) July 2025 after dividend  Cash paid to settle tax calculated at a share price of £0.32   Cash to be paid to participant after tax  Shares retained by individual
                                                            equivalent adjustment
 Adam Semple  34,254                                        42,943                                                                    £6,458                                                         n/a                                       22,759

 

 

 

 

 

 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 made in 2022 representing bonus earned in 2021/22 and
                                                                  settlement of that exercise by cash settling the tax liability and share
                                                                  transfer to the value of the after tax benefit.
 c)  Price(s) and volume(s)

         Price   Volume  Total
                                                                  Share settlement  £0.32   22,759  £7,282
 d)  Aggregated information

- Aggregated volume

                                                            Not applicable

- Price
 e)  Date of the transaction                                      28 July 2025

 f)  Place of the transaction                                     Outside a trading venue

 GB00B27YGJ97

b)

Nature of the transaction

Exercise of DSBP award made in 2022 representing bonus earned in 2021/22 and
settlement of that exercise by cash settling the tax liability and share
transfer to the value of the after tax benefit.

c)

Price(s) and volume(s)

 

                   Price   Volume  Total
 Share settlement  £0.32   22,759  £7,282

d)

Aggregated information

 -  Aggregated volume

 -  Price

 

Not applicable

e)

Date of the transaction

28 July 2025

 

f)

Place of the transaction

Outside a trading venue

 

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