Severfield PLC Director/PDMR Shareholding (3228C)
June 18 2021 - 1:00AM
UK Regulatory
TIDMSFR
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
-------------------------------------------------------- ------------------------------------------------------
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 GBP30m to GBP40m.
-------------------------------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 451,319
----------
-------------------------------------------------------- ------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
-------------------------------------------------------- ------------------------------------------------------
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
-------------------------------------------------------- -------------------------------------------------------
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 GBP30m to GBP40m.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 402,188
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
-------------------------------------------------------- -------------------------------------------------------
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 GBP30m to GBP40m.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 329,133
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
-------------------------------------------------------- -------------------------------------------------------
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 GBP30m to GBP40m.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 246,850
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
-------------------------------------------------------- -------------------------------------------------------
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 GBP30m to GBP40m.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 94,798
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
-------------------------------------------------------- -------------------------------------------------------
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 GBP30m to GBP40m.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 32,407
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
-------------------------------------------------------- -------------------------------------------------------
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
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END
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