Director/PDMR Shareholding

RNS Number : 3228C

Severfield PLC

18 June 2021

 

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	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 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 451,319
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

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 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 402,188
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

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 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 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

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 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 246,850
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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Sanderson
2	Reason for the notification
a)	Position/status	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	Grant of an award 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 94,798
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

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Gemma Mortimer
2	Reason for the notification
a)	Position/status	Group financial controller
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 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 32,407
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

18 June 2021

 

END

 

 

DSHFRMJTMTTBTBB