REG - Severfield PLC - Director/PDMR Shareholding

SeverfieldAnnouncement

31/10/2025 10:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251031:nRSe7102Fa&default-theme=true

RNS Number : 7102F  Severfield PLC  31 October 2025

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                                                         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 performance conditions and continued service, the
                                                                  award normally vests in June 2028.

                                                                  The performance conditions are weighted as follows:

                                                                  ·    50% is based on an EPS target for the year ending 31 March 2028 of
                                                                  5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum
                                                                  performance - 50% vests) with linear interpolation in between.  This
                                                                  represents a PBT range of £22m to £30m.

                                                                  ·    20% is based on an ROCE target for the year ending 31 March 2028 of
                                                                  10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests)
                                                                  with linear interpolation in between.

                                                                  ·    30% is based on 5 key transformational objectives relating to
                                                                  improved market prioritisation, manufacturing and project delivery. Certain
                                                                  details of the transformation programme metrics are commercially sensitive and
                                                                  will therefore be disclosed retrospectively at the point of vesting.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   Nil      269,737
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      30/10/25
 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 performance conditions and continued service, the
award normally vests in June 2028.

The performance conditions are weighted as follows:

·    50% is based on an EPS target for the year ending 31 March 2028 of
5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum
performance - 50% vests) with linear interpolation in between.  This
represents a PBT range of £22m to £30m.

·    20% is based on an ROCE target for the year ending 31 March 2028 of
10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests)
with linear interpolation in between.

·    30% is based on 5 key transformational objectives relating to
improved market prioritisation, manufacturing and project delivery. Certain
details of the transformation programme metrics are commercially sensitive and
will therefore be disclosed retrospectively at the point of vesting.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
  Nil      269,737

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

30/10/25

f)

Place of the transaction

Outside a trading venue

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Matt Gamble
 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 performance conditions and continued service, the
                                                                  award normally vests in June 2028.

                                                                  The performance conditions are weighted as follows:

                                                                  ·    50% is based on an EPS target for the year ending 31 March 2028 of
                                                                  5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum
                                                                  performance - 50% vests) with linear interpolation in between.  This
                                                                  represents a PBT range of £22m to £30m.

                                                                  ·    20% is based on an ROCE target for the year ending 31 March 2028 of
                                                                  10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests)
                                                                  with linear interpolation in between.

                                                                  ·    30% is based on 5 key transformational objectives relating to
                                                                  improved market prioritisation, manufacturing and project delivery. Certain
                                                                  details of the transformation programme metrics are commercially sensitive and
                                                                  will therefore be disclosed retrospectively at the point of vesting.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                   Nil      114,474
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      30/10/25
 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 performance conditions and continued service, the
award normally vests in June 2028.

The performance conditions are weighted as follows:

·    50% is based on an EPS target for the year ending 31 March 2028 of
5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum
performance - 50% vests) with linear interpolation in between.  This
represents a PBT range of £22m to £30m.

·    20% is based on an ROCE target for the year ending 31 March 2028 of
10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests)
with linear interpolation in between.

·    30% is based on 5 key transformational objectives relating to
improved market prioritisation, manufacturing and project delivery. Certain
details of the transformation programme metrics are commercially sensitive and
will therefore be disclosed retrospectively at the point of vesting.

c)

Price(s) and volume(s)

 Price(s)  Volume(s)
  Nil      114,474

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

30/10/25

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

31(st) October 2025

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHMBBMTMTJJBMA



            Copyright 2019 Regulatory News Service, all rights reserved