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Severfield plc announced on July 1, 2026, the grant of conditional share awards to seven Persons Discharging Managerial Responsibilities (PDMRs), including CEO Paul McNerney and CFO Andrew Page. On June 29, 2026, a total of 4,464,281 ordinary shares of 2.5p were awarded at a nil price under the company's Performance Share Plan. These awards normally vest in June 2029, subject to performance conditions based on EPS targets and relative Total Shareholder Return.
| Date | 1 Jul 2026 |
| Time | 12:05:02 |
| Category | Director/PDMR dealings |
| ID | 6396K |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Paul McNerney |
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2 |
Reason for the notification |
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a) |
Position/status |
CEO |
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b) |
Initial notification/Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
Severfield plc |
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b) |
LEI |
21380025AWPR781CY104 |
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|
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 |
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|
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 |
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|
f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name |
Andrew Page |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
CFO |
||||||||||||||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
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|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||||||||||||||||
|
a) |
Name |
Severfield plc |
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b) |
LEI |
21380025AWPR781CY104 |
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|
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 |
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|
f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name |
Robert Evans |
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|
2 |
Reason for the notification |
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|
a) |
Position/status |
UK MD |
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|
b) |
Initial notification/Amendment |
Initial notification |
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|
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) |
|
||||||||||||||||||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||||||||||||||||||
|
e) |
Date of the transaction |
29/6/26 |
||||||||||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||||||||||||||||||
|
a) |
Name |
Graeme Buchanan |
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2 |
Reason for the notification |
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a) |
Position/status |
Europe MD |
||||||||||||||||||||
|
b) |
Initial notification/Amendment |
Initial notification |
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|
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) |
|
||||||||||||||||||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||||||||||||||||||
|
e) |
Date of the transaction |
29/6/26 |
||||||||||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||||||||||||||||||
|
a) |
Name |
Mark Sanderson |
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|
2 |
Reason for the notification |
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|
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 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:
|
||||||||||||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||||||||||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||||||||||||||||||
|
e) |
Date of the transaction |
29/6/26 |
||||||||||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||||||||||||||||||||
|
a) |
Name |
Abida Lalani |
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|
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:
|
||||||||||||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||||||||||||
|
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 |
|
||||||||||||||||||||
|
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:
|
||||||||||||||||||||
|
c) |
Price(s) and volume(s) |
|
||||||||||||||||||||
|
d) |
Aggregated information
|
Not applicable-single transaction |
||||||||||||||||||||
|
e) |
Date of the transaction |
29/6/26 |
||||||||||||||||||||
|
f) |
Place of the transaction |
Outside a trading venue |
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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