Director/PDMR Shareholding Correction
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
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 instrument Identification code |
| ||||
b) | 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. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| Not applicable-single transaction | ||||
e) | Date of the transaction | 17/6/21 | ||||
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
21 June 2021
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