Last checked at 13 Aug 2020 15:26
Date of notification: 13th August 2020
DIRECTOR/PDMR SHAREHOLDINGS
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 SHARESAVE SHARE OPTION AWARDS
On 11th August 2020 share option awards were granted under the Severfield plc HMRC approved all employee Sharesave scheme to PDMRs as set out in the table below. The awards were granted in accordance with the rules of the plan and the HMRC regulations in place at the time and on the same basis for all employees. The options may be exercised on maturity of the relevant savings plans in accordance with the scheme rules in September 2023.
Name of PDMR | No. of shares held under the award |
Ian Cochrane (COO) | 27, 237 |
Mark Sanderson (Legal Director and Company Secretary) | 16,369 |
The Company was notified of these transactions on 12thAugust 2020.
Details of the individual awards are set out below.
Name of Company Official responsible for making notification: Mark Sanderson, Company Secretary
Classification 3.1
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 | Award of options under the Severfield SAYE Sharesave plan exercisable in September 2023 subject to continued membership of savings plan
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Single transaction | ||||
e) | Date of the transaction | 11/8/20 | ||||
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 | 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 | Award of options under the Severfield SAYE Sharesave plan exercisable in September 2023 subject to continued membership of savings plan
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Single transaction | ||||
e) | Date of the transaction | 11/8/20 | ||||
f) | Place of the transaction | Outside a trading venue | ||||