Director/PDMR Shareholding

RNS Number : 6741B

Severfield-Rowen PLC

05 April 2013

 



Severfield-Rowen Plc

Notification of Transactions of Directors and Persons Discharging Managerial Responsibility pursuant to DTR 3.1.4R

In accordance with the Directors' intentions stated in the Prospectus sent to shareholders dated 28 February 2013, each Director, to the extent they were able, took up their rights to subscribe in full for New Ordinary Shares under the Rights Issue or sold a sufficient number of their Nil Paid Rights to meet the costs of taking up the balance of their entitlements to New Ordinary Shares under the Rights Issue.

Following the Rights Issue, the interests of the Directors and Persons Discharging Managerial Responsibility are as follows:

Name	New Ordinary Shares subscribed for in Rights Issue at 23 pence	Nil Paid Rights sold	Additional Ordinary Shares purchased	Resulting total holding (number of shares)	Resulting total holding (%)
John Dodds	23,331	-	118,000(1)	151,331	0.051%
Peter Emerson	159,362	245,032	-	332,674	0.112%
Alan Dunsmore	35,000	-	-	50,000	0.017%
Derek Randall	35,000	-	-	50,000	0.017%
Keith Elliot	183,088	283,578	-	383,088	0.129%
Toby Hayward	70,000	-	-	100,000	0.034%
Chris Holt	24,668	-	-	35,240	0.012%
Ian Cochrane	1,888,562	25,744	-	2,708,979	0.911%
Nigel Pickard	54,250	84,444	-	113,806	0.038%

⁽¹⁾ John Dodds acquired 118,000 additional Ordinary Shares at 41.5p on 4^th April 2013.

In accordance with DTR 3.1.2R, the Company has received notification in relation to each of the above Directors and Persons Discharging Managerial Responsibility (and their respective connected persons) that on completion of the Rights Issue each is interested in ordinary shares of 2.5 pence each in the Company as stated in the table above.

 

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