Severfield PLC Director/PDMR Shareholding (6070J)
29 June 2017 - 10:02PM
UK Regulatory
TIDMSFR
RNS Number : 6070J
Severfield PLC
29 June 2017
Date of notification: 29(th) June 2017
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 29th June 2017 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 2017:
Name of PDMR No. of shares held under
the award
-------------------------- -------------------------
Ian Lawson (CEO) 121500
-------------------------- -------------------------
Alan Dunsmore (FD) 80768
-------------------------- -------------------------
Ian Cochrane (COO) 95435
-------------------------- -------------------------
Derek Randall (Director) 78614
-------------------------- -------------------------
The awards are structured as forfeitable awards and will vest
unconditionally subject to the rules of the DSBP on 30(th) June
2020. No consideration was paid for the grant of the awards.
The Company was notified of these transactions on 29(th) June
2017.
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 Ian Lawson
--- -------------------------------------------------------- -------------------------------------------------------
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 ------------------------
Identification code GB00B27YGJ97
-------------
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of an award under the Company's Deferred Bonus
Share Plan. The award is a forfeitable
award and will vest unconditionally subject to the
rules of the DSBP on 30(th) June 2020.
No consideration was paid for the grant of the award
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 121500
---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-06-29
--- -------------------------------------------------------- -------------------------------------------------------
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 ------------------------
Identification code GB00B27YGJ97
-------------
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of an award under the Company's Deferred Bonus
Share Plan. The award is a forfeitable
award and will vest unconditionally subject to the
rules of the DSBP on 30(th) June 2020.
No consideration was paid for the grant of the award.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 95,435
---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-06-29
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Alan Dunsmore
--- -------------------------------------------------------- -------------------------------------------------------
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 ------------------------
Identification code GB00B27YGJ97
-------------
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of an award under the Company's Deferred Bonus
Share Plan. The award is a forfeitable
award and will vest unconditionally subject to the
rules of the DSBP on 30(th) June 2020.
No consideration was paid for the grant of the award.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 80,768
---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-06-29
--- -------------------------------------------------------- -------------------------------------------------------
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 ------------------------
Identification code GB00B27YGJ97
-------------
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of an award under the Company's Deferred Bonus
Share Plan. The award is a forfeitable
award and will vest unconditionally subject to the
rules of the DSBP on 30(th) June 2020.
No consideration was paid for the grant of the award.
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------- ----------
Nil 78,614
---------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
------------------
- Price
------
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 2017-06-29
--- -------------------------------------------------------- -------------------------------------------------------
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
29 June 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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