Severfield PLC Director/PDMR Shareholding (7088D)
30 Junio 2021 - 09:32AM
UK Regulatory
TIDMSFR
RNS Number : 7088D
Severfield PLC
30 June 2021
30(th) June 2021
Severfield plc
Notification of Transactions of Directors, Persons Discharging
Managerial Responsibilities ("PDMRs") and persons closely
associated with them
The following notification relates to the vesting and exercise
of nil cost options granted under the Severfield Deferred Share
Bonus Plan ("the Plan") on 28(th) June 2018. These options vested
on 28 June 2021 and were exercised and settled as set out
below.
In accordance with the rules of the Plan and the Company's
Directors' Remuneration Policy, where directors chose to exercise
and sell the shares they would have acquired, they received a cash
payment. This only applied to directors who already satisfy the
Company's shareholding requirement for executive directors. In
accordance with the rules of the Plan, where directors chose to
exercise and keep their shares, they were awarded shares out of the
Severfield EBT to the value of the after tax benefit, with the tax
being settled in cash.
Name Number of shares Number of shares Cash paid to Cash paid to Shares retained
awarded on 28 vested and settle tax participant after by individual
June 2018 exercised on 28 calculated at a tax calculated at
June 2021 after share price of a share price of
dividend GBP0.78 GBP0.78
equivalent
adjustment
Alan Dunsmore 117,613 134,047 GBP49,142 GBP55,415 0
------------------- ------------------ ------------------ ------------------ -------------------
Ian Cochrane 108,732 123,925 GBP45,431 GBP51,230 0
------------------- ------------------ ------------------ ------------------ -------------------
Derek Randall 98,984 112,815 GBP37,706 GBP50,290 0
------------------- ------------------ ------------------ ------------------ -------------------
Adam Semple 13,098 14,928 GBP5,473 n/a 7,912
------------------- ------------------ ------------------ ------------------ -------------------
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, Ordinary shares of 2.5p
type of instrument GB00B27YGJ97
Identification code
--------------------------------------------- ------------------------------------------------------------------------------------------
b) Nature of the transaction Exercise of DSBP award and settlement of that exercise with a cash payment.
--------------------------------------------- ------------------------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume Total
GBP0.78(price per share paid to settle the exercise of the 134,047 GBP104,557
DSBP award)
--------- ------------
--------------------------------------------- ------------------------------------------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
--------------------------------------------- ------------------------------------------------------------------------------------------
e) Date of the transaction 2021-06-28
--------------------------------------------- ------------------------------------------------------------------------------------------
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, Ordinary shares of 2.5p
type of instrument GB00B27YGJ97
Identification code
--------------------------------------------- ------------------------------------------------------------------------------------------
b) Nature of the transaction Exercise of DSBP award and settlement of that exercise with a cash payment.
--------------------------------------------- ------------------------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume Total
GBP0.78 (price per share paid to settle the exercise of the 123,925 GBP96,661
DSBP award)
--------- -----------
--------------------------------------------- ------------------------------------------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
--------------------------------------------- ------------------------------------------------------------------------------------------
e) Date of the transaction 2021-06-28
--------------------------------------------- ------------------------------------------------------------------------------------------
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 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, Ordinary shares of 2.5p
type of instrument GB00B27YGJ97
Identification code
--------------------------------------------- ------------------------------------------------------------------------------------------
b) Nature of the transaction Exercise of DSBP award and settlement of that exercise with a cash payment.
--------------------------------------------- ------------------------------------------------------------------------------------------
c) Price(s) and volume(s) Price Volume Total
GBP0.78 (price per share paid to settle the exercise of the 112,815 GBP87,996
DSBP award)
--------- -----------
--------------------------------------------- ------------------------------------------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
--------------------------------------------- ------------------------------------------------------------------------------------------
e) Date of the transaction 2021-06-28
--------------------------------------------- ------------------------------------------------------------------------------------------
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 Ordinary shares of 2.5p
instrument GB00B27YGJ97
Identification code
---------------------------------------------------- -----------------------------------------------------------
b) Nature of the transaction Exercise of DSBP award and settlement of that exercise
partly in shares and partly with a
cash payment.
---------------------------------------------------- -----------------------------------------------------------
c) Price(s) and volume(s) Price Volume Total
Share settlement GBP0.00 7,912 GBP0
----------------- ------- ---------
Cash settlement GBP0.78 (price 7,016 GBP5,472
per share paid
to settle the
exercise of the
proportion of
the DSBP award
which is cash
settled)
----------------- ------- ---------
---------------------------------------------------- -----------------------------------------------------------
d) Aggregated information - Aggregated volume Not applicable-single transaction
- Price
---------------------------------------------------- -----------------------------------------------------------
e) Date of the transaction 2021-06-28
---------------------------------------------------- -----------------------------------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------------------------- -----------------------------------------------------------
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END
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June 30, 2021 10:32 ET (14:32 GMT)
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