SEVERFIELD PLC — Director's Dealing 2016

Nov 23, 2016

National Storage Mechanism | Additional information

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RNS Number : 9574P

Severfield PLC

23 November 2016

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

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ian Lawson

2

Reason for the notification

a)

Position/status

CEO

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

Ordinary shares of 2.5p

GB00B27YGJ97

b)

Nature of the transaction

362,506 ordinary shares acquired for nil consideration upon the settlement of a long-term incentive award and the same day disposal of 170,721 of such ordinary shares (settlement of tax liability)

c)

Price(s) and volume(s)

Price(s)	Volume(s)
68.5p	170,721

d)

Aggregated information

-	Aggregated volume

-	Price

Single transaction

e)

Date of the transaction

2016-11-22: 10.20

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Sanderson

2

Reason for the notification

a)

Position/status

Legal Director and 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

Ordinary shares of 2.5p

GB00B27YGJ97

b)

Nature of the transaction

Disposal of ordinary shares  

c)

Price(s) and volume(s)

Price(s)	Volume(s)
68.8p	11,558

d)

Aggregated information

-	Aggregated volume
-	Price

Single transaction

e)

Date of the transaction

2016-11-22: 10.50

f)

Place of the transaction

London Stock Exchange, Main Market (XLON)

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

23 November 2016

This information is provided by RNS

The company news service from the London Stock Exchange

END

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