Director/PDMR Shareholding

RNS Number : 8521D

Severfield PLC

28 June 2019

 

Date of notification: 28^th June 2019

SEVERFIELD PLC

DIRECTOR/PDMR SHAREHOLDINGS-AWARD OF DEFERRED BONUS SHARES

Severfield plc ("the Company") wishes to notify the following changes in the interests of persons discharging managerial responsibility ("PDMRs") in ordinary shares ("Shares").

GRANT OF DEFERRED BONUS SHARE AWARDS

On 28th June 2019 a grant of the following deferred awards over Shares under the Company's Deferred Share Bonus Plan ("DSBP") was made to the following PDMRs representing a proportion of their bonus entitlement for the financial year to 31 March 2019:

Name of PDMR	No. of shares held under the award
Alan Dunsmore (CEO)	50,724
Adam Semple (FD)	31,884
Ian Cochrane (COO)	45,202
Derek Randall (Director)	111,521

The awards are structured as nil exercise cost options normally exercisable between 3 and 10 years after grant. No consideration was paid for the grant of the awards. 

The Company was notified of these transactions on 28^th June 2019.

Details of the full notifications received by the Company are set out below:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Dunsmore
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 Identification code	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 50,724
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2019-06-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Ian Cochrane
2	Reason for the notification
a)	Position/status	COO
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	Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 45,202
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2019-06-28
f)	Place of the transaction	Outside a trading venue

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	Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 31,884
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2019-06-28
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Derek Randall
2	Reason for the notification
a)	Position/status	Executive 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	Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option exercisable normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 111,521
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2019-06-28
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

28^th June 2019

Classification 3.1

 

END

 

 

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