Date of notification: 29th July 2024
SEVERFIELD PLC
DIRECTOR/PDMR SHAREHOLDINGS-AWARD OF DEFERRED BONUS SHARES
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 DEFERRED BONUS SHARE AWARDS
On 26th July 2024 a grant of the following deferred awards over Shares under the Company's Deferred Share Bonus Plan ("DSBP") was made to the following PDMRs representing a proportion of their bonus entitlement for the financial year to 31 March 2024:
|
Name of PDMR |
No. of shares held under the award |
|
Alan Dunsmore (CEO) |
110,000 |
|
Adam Semple (Chief Financial Officer) |
75,173 |
|
Derek Randall (Director) |
95,220 |
|
Mark Sanderson (Legal Director and Company Secretary) |
22,506 |
The awards are structured as nil exercise cost options normally exercisable between 3 and 10 years after grant. No consideration was paid for the grant of the awards.
The Company was notified of these transactions on 26th July 2024.
Details of the full notifications received by the Company are set out below:
|
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 instrument Identification code |
|
||||
|
b) |
Nature of the transaction |
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||
|
e) |
Date of the transaction |
2024-07-26
|
||||
|
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 |
Chief Financial Officer |
||||
|
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 |
|
||||
|
b) |
Nature of the transaction |
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||
|
e) |
Date of the transaction |
2024-07-26
|
||||
|
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 |
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 |
|
||||
|
b) |
Nature of the transaction |
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option exercisable normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||
|
e) |
Date of the transaction |
2024-07-26
|
||||
|
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 instrument Identification code |
|
||||
|
b) |
Nature of the transaction |
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option exercisable normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||
|
e) |
Date of the transaction |
2024-07-26
|
||||
|
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
29th July 2024
Classification 3.1
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