29 Jun 2017 13:02
Date of notification: 29th 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 30th June 2020. No consideration was paid for the grant of the awards.
The Company was notified of these transactions on 29th 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 instrument Identification code |
| ||||
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 30th June 2020. No consideration was paid for the grant of the award | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Not applicable-single transaction | ||||
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 instrument Identification code |
| ||||
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 30th June 2020. No consideration was paid for the grant of the award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Not applicable-single transaction | ||||
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 instrument Identification code |
| ||||
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 30th June 2020. No consideration was paid for the grant of the award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Not applicable-single transaction | ||||
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 instrument Identification code |
| ||||
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 30th June 2020. No consideration was paid for the grant of the award. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Not applicable-single transaction | ||||
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
Severfield (SFR)