Director/PDMR share disposal

RNS Number : 9360U

Severfield PLC

17 July 2018

 

SEVERFIELD PLC

("the Company")

17 July 2018

Director/PDMR share disposal

This notification is made in accordance with the EU Market Abuse Regulation.

The Company announces that on 16 July 2018 Ian Cochrane (an Executive Director of the Company), sold 1 million ordinary shares of 2.5p each in the Company at a price of £0.85 per share. 

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Cochrane retains 2,352,863 ordinary shares, representing 0.77% of the Company's issued share capital.

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	Sale of 1,000,000 ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.85  1,000,000
d)	Aggregated information - Aggregated volume - Price	Single transaction
e)	Date of the transaction	16/7/18
f)	Place of the transaction	London Stock Exchange

Enquiries:

Mark Sanderson, Company Secretary

Contact details: 01845 577896

Severfield plc

Severs House

Dalton Airfield Industrial Estate

Thirsk

North Yorkshire

YO7 3JN

Classification: 3.1

 

END

 

 

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