SEVERFIELD PLC — Director's Dealing 2016

Jul 11, 2016

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RNS Number : 8515D

Severfield PLC

11 July 2016

Date of notification: 11th July 2016

Notification of transactions of PDMR in connection with the vesting of awards under the Company's long-term incentive plan arrangements

Severfield plc announces that it was notified on 11 July 2016 of the following transactions by three PDMR in connection with certain awards vesting under the Severfield plc Performance Share Plan.

Transactions by Mr Cochrane:

Name of PDMR:                                  Ian Cochrane.

Reason for notification:                       Acquisition and disposal of ordinary shares.

Nature of transaction:                         280,528 ordinary shares acquired for nil consideration upon the settlement of a long-term incentive award and the same day disposal of 132,113 of such ordinary shares (settlement of tax liability) at a price of 43.695 pence per share.

Transactions by Mr Cochrane:

Name of PDMR:                                  Alan Dunsmore.

Reason for notification:                       Acquisition and disposal of ordinary shares.

Nature of transaction:                         230,695 ordinary shares acquired for nil consideration upon the settlement of a long-term incentive award and the same day disposal of 108,644 of such ordinary shares (settlement of tax liability) at a price of 43.695 pence per share.

Transactions by Mr Cochrane:

Name of PDMR:                                  Derek Randall.

Reason for notification:                       Acquisition of ordinary shares.

Nature of transaction:                         230,695 ordinary shares acquired for nil consideration upon the settlement of a long-term incentive award.

Common details in respect of each of the above transactions:

Name of issuer:                                  Severfield plc.

Legal Entity Identified code:                21380025AWPR781CY104.

Financial instrument:                          Ordinary shares of 2.5 pence each.

Date and place of the transaction:      8th July and Outside a Trading Venue.

Price (only relevant for disposals):     43.695 pence per ordinary share in respect of noted disposals.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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