Today 12:05
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 | Paul McNerney | ||||||||||||||||||||
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 |
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b) | Nature of the transaction | Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||
a) | Name | Andrew Page | ||||||||||||||||||||
2 | Reason for the notification | |||||||||||||||||||||
a) | Position/status | CFO | ||||||||||||||||||||
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 |
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b) | Nature of the transaction | Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||
a) | Name | Robert Evans | ||||||||||||||||||||
2 | Reason for the notification | |||||||||||||||||||||
a) | Position/status | UK MD | ||||||||||||||||||||
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 |
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b) | Nature of the transaction | Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||
a) | Name | Graeme Buchanan | ||||||||||||||||||||
2 | Reason for the notification | |||||||||||||||||||||
a) | Position/status | Europe MD | ||||||||||||||||||||
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 |
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b) | Nature of the transaction | Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
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 | 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 |
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b) | Nature of the transaction | Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||
a) | Name | Abida Lalani | ||||||||||||||||||||
2 | Reason for the notification | |||||||||||||||||||||
a) | Position/status | Group Strategy and Transformation 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 performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||||||||||||||
a) | Name | Matt Gamble | ||||||||||||||||||||
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 |
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b) | Nature of the transaction | Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows
\* This represents a PBT range of £26m to £32m.
· 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows:
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c) | Price(s) and volume(s) |
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d) | Aggregated information
| Not applicable-single transaction | ||||||||||||||||||||
e) | Date of the transaction | 29/6/26 | ||||||||||||||||||||
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
1st July 2026
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