TIDMSFR

RNS Number : 6030C

Severfield PLC

21 June 2021

NOTIFICATION AND PUBLIC DISCLOSURE OF A CORRECTION TO TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Previous notification 18 June 2021

 
 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                          Correction to grant of an award previously notified 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        231,481 (previously notified wrongly as 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 
     -------------------------------------------------  -------------------------------------------------------------- 
 

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

21 June 2021

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END

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