Director/PDMR Shareholding Correction | RNS | Ticker

Director/PDMR Shareholding Correction

RNS Announcement

RNS Number : 6030C

Severfield PLC

21 June 2021

NOTIFICATION AND PUBLIC DISCLOSURE OF A CORRECTION TO TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

Previous notification 18 June 2021

Details of the person discharging managerial responsibilities/person closely associated

Name

Adam Semple

Reason for the notification

Position/status

Finance Director

Initial notification/Amendment

Initial notification

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

Severfield plc

LEI

21380025AWPR781CY104

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

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p

GB00B27YGJ97

Nature of the transaction

Correction to grant of an award previously notified 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 2024 are 7.61 pence (threshold performance - 25% vests) to 9.92 pence (maximum performance - 100% vests) with linear interpolation in between. This represents a PBT range of £30m to £40m.

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	231,481 (previously notified wrongly as 329,133)

Aggregated information

-	Aggregated volume

Price

Not applicable-single transaction

Date of the transaction

17/6/21

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

21 June 2021

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END

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RNS metadata

Title: Director/PDMR Shareholding Correction
Time: 16:03:16
Date: 21 Jun 2021
Category: Director/PDMR dealings
ID: 6030C