REG - Severfield PLC - Director/PDMR Shareholding Correction

SeverfieldAnnouncement

21/06/2021 16:05

RNS Number : 6030C
  
Severfield PLC
  
21 June 2021
  
 

NOTIFICATION AND PUBLIC DISCLOSURE OF A CORRECTION TO TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
Previous notification 18 June 2021



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
Identification code





Ordinary shares of 2.5p











GB00B27YGJ97












b)


Nature of the transaction


Correction to grant of an award previously notified under the Company's Performance Share Plan as a conditional award of shares. Subject to a three year EPS performance condition and continued service, the award normally vests after three years. 
The EPS targets for the year ending 31 March 2024 are 7.61 pence (threshold performance - 25% vests) to 9.92 pence (maximum performance - 100% vests) with linear interpolation in between.  This represents a PBT range of £30m to £40m.




c)


Price(s) and volume(s)





Price(s)


Volume(s)




 Nil


231,481 (previously notified wrongly as 329,133)








d)


Aggregated information



-


Aggregated volume



 



-


Price






Not applicable-single transaction




e)


Date of the transaction


17/6/21




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
21 June 2021
 

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