Director/PDMR Shareholding

RNS Number : 0797I

Severfield PLC

06 August 2019

 

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	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	The sale of ordinary shares acquired for nil consideration upon the settlement on 1st July 2019 of a long-term incentive award made under the Company's long-term share incentive plan.  The sale was undertaken in order to fund additional tax liability on the award arising due to changes in Indian tax law notified on 1st August 2019, but effective from 1 April 2019.  The change in the rate of tax was notified after the award was made and after the tax liability arising on the award, based on rates in force at the time of the award, had already been cash settled.
c)	Price(s) and volume(s)	Price(s) Volume(s) 0.652466  29,121
d)	Aggregated information - Aggregated volume - Price	Single transaction
e)	Date of the transaction	5/08/2019
f)	Place of the transaction	XLON

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

6^th August 2019

Classification 3.1

 

END

 

 

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