TIDMSFR

RNS Number : 0976W

Severfield PLC

13 August 2020

Date of notification: 13th August 2020

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 SHARESAVE SHARE OPTION AWARDS

On 11th August 2020 share option awards were granted under the Severfield plc HMRC approved all employee Sharesave scheme to PDMRs as set out in the table below. The awards were granted in accordance with the rules of the plan and the HMRC regulations in place at the time and on the same basis for all employees. The options may be exercised on maturity of the relevant savings plans in accordance with the scheme rules in September 2023.

 
Name of PDMR                                            No. of shares held under the award 
Ian Cochrane (COO)                                      27, 237 
Mark Sanderson (Legal Director and Company Secretary)   16,369

The Company was notified of these transactions on 12(th) August 2020.

Details of the individual awards are set out below.

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

Classification 3.1

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          Ordinary shares of 2.5p 
    instrument                                                 GB00B27YGJ97 
    Identification code 
    --------------------------------------------------------  -------------------------------------------------------- 
b)  Nature of the transaction                                 Award of options under the Severfield SAYE Sharesave 
                                                              plan exercisable in September 2023 subject 
                                                              to continued membership of savings plan 
    --------------------------------------------------------  -------------------------------------------------------- 
c)  Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                               n/a        27237 
                                                                          --------- 
    --------------------------------------------------------  -------------------------------------------------------- 
d)  Aggregated information-  Aggregated volume                Single transaction 
     -  Price 
        ----------------- 
    --------------------------------------------------------  -------------------------------------------------------- 
e)  Date of the transaction                                   11/8/20 
    --------------------------------------------------------  -------------------------------------------------------- 
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                                           Legal Director and 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                                 Award of options under the Severfield SAYE Sharesave 
                                                              plan exercisable in September 2023 subject 
                                                              to continued membership of savings plan 
    --------------------------------------------------------  -------------------------------------------------------- 
c)  Price(s) and volume(s)                                    Price(s)   Volume(s) 
                                                               n/a        16369 
                                                                          --------- 
    --------------------------------------------------------  -------------------------------------------------------- 
d)  Aggregated information-  Aggregated volume                Single transaction 
     -  Price 
        ----------------- 
    --------------------------------------------------------  -------------------------------------------------------- 
e)  Date of the transaction                                   11/8/20 
    --------------------------------------------------------  -------------------------------------------------------- 
f)  Place of the transaction                                  Outside a trading venue 
    --------------------------------------------------------  --------------------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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