Director/PDMR Shareholding

RNS Number : 6830Q

Severfield PLC

19 June 2015

 

Date of notification: 19th June 2015

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 CONDITIONAL SHARE AWARD

On 18th June 2015 grants of the following conditional awards over Shares were made under the Severfield Performance Share Plan ("PSP") to the following PDMRs representing the maximum number of shares available to such beneficiaries on satisfaction in full of the performance targets applicable to those awards:

Name of PDMR	Maximum no. of shares held under the award
Ian Lawson (CEO)	513,262
Ian Cochrane (COO)	302,366
Alan Dunsmore (FD)	248,656
Derek Randall (Director)	248,656
Mark Sanderson (Company Secretary)	45,811
Adam Semple (Group Financial Controller)	26,388

Vesting of each award is conditional upon performance conditions (relating, inter alia, to the Company's earnings per share) to be applied over a three year performance period.  Subject to the performance conditions any Shares which vest will be released as soon as possible following 18th June 2018. No consideration was paid for the grant of the awards. 

The Company was notified of these transactions on 18^th June 2015.

This notification is made in accordance with DTR 3.1.4(1)(a).

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

 

END

 

 

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