Director/PDMR Shareholding

RNS Number : 0976W

Severfield PLC

13 August 2020

 

Date of notification: 13th August 2020

DIRECTOR/PDMR SHAREHOLDINGS

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 SHARESAVE SHARE OPTION AWARDS

On 11th August 2020 share option awards were granted under the Severfield plc HMRC approved all employee Sharesave scheme to PDMRs as set out in the table below. The awards were granted in accordance with the rules of the plan and the HMRC regulations in place at the time and on the same basis for all employees.  The options may be exercised on maturity of the relevant savings plans in accordance with the scheme rules in September 2023.

Name of PDMR	No. of shares held under the award
Ian Cochrane (COO)	27, 237
Mark Sanderson (Legal Director and Company Secretary)	16,369

The Company was notified of these transactions on 12^thAugust 2020.

 Details of the individual awards are set out below.

Name of Company Official responsible for making notification:  Mark Sanderson, Company Secretary

Classification 3.1

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

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	Award of options under the Severfield SAYE Sharesave plan exercisable in September 2023 subject to continued membership of savings plan
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 27237
d)	Aggregated information - Aggregated volume - Price	Single transaction
e)	Date of the transaction	11/8/20
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Sanderson
2	Reason for the notification
a)	Position/status	Legal Director and Company Secretary
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	Award of options under the Severfield SAYE Sharesave plan exercisable in September 2023 subject to continued membership of savings plan
c)	Price(s) and volume(s)	Price(s) Volume(s)  n/a  16369
d)	Aggregated information - Aggregated volume - Price	Single transaction
e)	Date of the transaction	11/8/20
f)	Place of the transaction	Outside a trading venue

 

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