Last checked at 17 Jul 2018 16:23
SEVERFIELD PLC
("the Company")
17 July 2018
Director/PDMR share disposal
This notification is made in accordance with the EU Market Abuse Regulation.
The Company announces that on 16 July 2018 Ian Cochrane (an Executive Director of the Company), sold 1 million ordinary shares of 2.5p each in the Company at a price of £0.85 per share.
Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Cochrane retains 2,352,863 ordinary shares, representing 0.77% of the Company's issued share capital.
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 instrument Identification code |
| ||||
b) | Nature of the transaction | Sale of 1,000,000 ordinary shares
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Single transaction | ||||
e) | Date of the transaction | 16/7/18 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
Enquiries:
Mark Sanderson, Company Secretary
Contact details: 01845 577896
Severfield plc
Severs House
Dalton Airfield Industrial Estate
Thirsk
North Yorkshire
YO7 3JN
Classification: 3.1