Severfield Regulatory News (SFR)

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 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 2025 are 7.5 pence (threshold performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £31.5m to £38m.

c)

Price(s) and volume(s)

d)

Aggregated information

Not applicable-single transaction

e)

Date of the transaction

11/7/22

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 instrument

Identification code

b)

Nature of the transaction

Grant of an award 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 2025 are 7.5 pence (threshold performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £31.5m to £38m.

c)

Price(s) and volume(s)

d)

Aggregated information

Not applicable-single transaction

e)

Date of the transaction

11/7/22

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

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 instrument

Identification code

b)

Nature of the transaction

Grant of an award 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 2025 are 7.5 pence (threshold performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £31.5m to £38m.

c)

Price(s) and volume(s)

d)

Aggregated information

Not applicable-single transaction

e)

Date of the transaction

11/7/22

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 instrument

Identification code

b)

Nature of the transaction

Grant of an award 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 2025 are 7.5 pence (threshold performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £31.5m to £38m.

c)

Price(s) and volume(s)

d)

Aggregated information

Not applicable-single transaction

e)

Date of the transaction

11/7/22

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

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 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 2025 are 7.5 pence (threshold performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £31.5m to £38m.

c)

Price(s) and volume(s)

d)

Aggregated information

Not applicable-single transaction

e)

Date of the transaction

11/7/22

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Gemma Mortimer

2

Reason for the notification

a)

Position/status

Group financial controller

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 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 2025 are 7.5 pence (threshold performance - 25% vests) to 8.8p pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £31.5m to £38m.

c)

Price(s) and volume(s)

d)

Aggregated information

Not applicable-single transaction

e)

Date of the transaction

11/7/22

f)

Place of the transaction

Outside a trading venue