SEVERFIELD PLC — Director's Dealing 2016

Sep 12, 2016

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RNS Number : 6124J

Severfield PLC

12 September 2016

Date of notification: 12th September 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 12th September 2016 of the following transaction by Mark Sanderson, a PDMR in connection with certain awards vesting under the Severfield plc Performance Share Plan.

Name of PDMR:                                  Mark Sanderson.

Reason for notification:                       Acquisition and disposal of ordinary shares.

Nature of transaction:                         21,373 ordinary shares acquired for nil consideration upon the settlement of a long-term incentive award and the same day disposal of 9,779 of such ordinary shares (settlement of tax liability) at a price of 56.49 pence

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:      9th September 2016 and Outside a Trading Venue.

Price (only relevant for disposals):     56.49 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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