TIDMSFR

RNS Number : 2201J

Severfield PLC

18 December 2020

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 2023 are 
                                                                 6.57 pence (threshold performance - 
                                                                 25% vests) to 8.36 pence (maximum performance - 100% 
                                                                 vests) with linear interpolation in between. 
                                                                 This represents a PBT range of GBP25.5m to GBP32.5m. 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                   Nil         529,809 
                                                                              ---------- 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume              Not applicable-single transaction 
 
         -   Price 
      --------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   18/12/20 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 2023 are 
                                                                 6.57 pence (threshold performance - 
                                                                 25% vests) to 8.36 pence (maximum performance - 100% 
                                                                 vests) with linear interpolation in between. 
                                                                 This represents a PBT range of GBP25.5m to GBP32.5m. 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                   Nil         472,133 
                                                                              ---------- 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume              Not applicable-single transaction 
 
         -   Price 
      --------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   18/12/20 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 2023 are 
                                                                 6.57 pence (threshold performance - 
                                                                 25% vests) to 8.36 pence (maximum performance - 100% 
                                                                 vests) with linear interpolation in between. 
                                                                 This represents a PBT range of GBP25.5m to GBP32.5m. 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                   Nil         271,739 
                                                                              ---------- 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume              Not applicable-single transaction 
 
         -   Price 
      --------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   18/12/20 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 2023 are 
                                                                6.57 pence (threshold performance - 
                                                                25% vests) to 8.36 pence (maximum performance - 100% 
                                                                vests) with linear interpolation in between. 
                                                                This represents a PBT range of GBP25.5m to GBP32.5m. 
     --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                  Nil         291,210 
                                                                             ---------- 
     --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information -   Aggregated volume              Not applicable-single transaction 
 
        -   Price 
     --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   18/12/20 
     --------------------------------------------------------  ------------------------------------------------------- 
 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                                           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 2023 are 
                                                                 6.57 pence (threshold performance - 
                                                                 25% vests) to 8.36 pence (maximum performance - 100% 
                                                                 vests) with linear interpolation in between. 
                                                                 This represents a PBT range of GBP25.5m to GBP32.5m.. 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                   Nil         110,183 
                                                                              ---------- 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume              Not applicable-single transaction 
 
         -   Price 
      --------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   18/12/20 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 2023 are 
                                                                 6.57 pence (threshold performance - 
                                                                 25% vests) to 8.36 pence (maximum performance - 100% 
                                                                 vests) with linear interpolation in between. 
                                                                 This represents a PBT range of GBP25.5m to GBP32.5m.. 
      --------------------------------------------------------  ------------------------------------------------------ 
 c)    Price(s) and volume(s)                                     Price(s)    Volume(s) 
                                                                   Nil         34,420 
                                                                              ---------- 
      --------------------------------------------------------  ------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume              Not applicable-single transaction 
 
         -   Price 
      --------------------------------------------------------  ------------------------------------------------------ 
 e)    Date of the transaction                                   18/12/20 
      --------------------------------------------------------  ------------------------------------------------------ 
 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 December 2020

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END

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(END) Dow Jones Newswires

December 18, 2020 10:09 ET (15:09 GMT)