Director/PDMR Shareholding

RNS Number : 6070J

Severfield PLC

29 June 2017

 

Date of notification: 29^th June 2017

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 29th June 2017 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 2017:

Name of PDMR	No. of shares held under the award
Ian Lawson (CEO)	121500
Alan Dunsmore (FD)	80768
Ian Cochrane (COO)	95435
Derek Randall (Director)	78614

The awards are structured as forfeitable awards and will vest unconditionally subject to the rules of the DSBP on 30^th June 2020. No consideration was paid for the grant of the awards. 

The Company was notified of these transactions on 29^th June 2017.

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	Ian Lawson
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 forfeitable award and will vest unconditionally subject to the rules of the DSBP on 30th June 2020. No consideration was paid for the grant of the award
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 121500
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2017-06-29
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 forfeitable award and will vest unconditionally subject to the rules of the DSBP on 30th June 2020. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 95,435
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2017-06-29
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Dunsmore
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 forfeitable award and will vest unconditionally subject to the rules of the DSBP on 30th June 2020. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 80,768
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2017-06-29
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 forfeitable award and will vest unconditionally subject to the rules of the DSBP on 30th June 2020. No consideration was paid for the grant of the award.
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 78,614
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	2017-06-29
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

29 June 2017

 

END

 

 

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