REG - Severfield PLC - Director/PDMR Shareholding

SeverfieldAnnouncement

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RNS Number : 1354W  Severfield PLC  11 March 2026

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Due to an administrative oversight, this notification, relating to a
transaction on 7 January 2026, is being released at a later date.

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Paul McNerney
 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 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      1,843,972
 d)  Aggregated information                                       Not applicable-single transaction

- Aggregated volume

- Price
 e)  Date of the transaction                                      7/1/26
 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      1,843,972

d)

Aggregated information

 -  Aggregated volume

 -  Price

Not applicable-single transaction

e)

Date of the transaction

7/1/26

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

7(th) January 2026

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