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SEVERFIELD PLC — Remuneration Information 2019
Jun 28, 2019
4741_dirs_2019-06-28_9fbea345-9abe-4058-8c5b-bc63357d48aa.html
Remuneration Information
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RNS Number : 8521D
Severfield PLC
28 June 2019
Date of notification: 28th June 2019
SEVERFIELD PLC
DIRECTOR/PDMR SHAREHOLDINGS-AWARD OF DEFERRED BONUS SHARES
Severfield plc ("the Company") wishes to notify the following changes in the interests of persons discharging managerial responsibility ("PDMRs") in ordinary shares ("Shares").
GRANT OF DEFERRED BONUS SHARE AWARDS
On 28th June 2019 a grant of the following deferred awards over Shares under the Company's Deferred Share Bonus Plan ("DSBP") was made to the following PDMRs representing a proportion of their bonus entitlement for the financial year to 31 March 2019:
| Name of PDMR | No. of shares held under the award |
| Alan Dunsmore (CEO) | 50,724 |
| Adam Semple (FD) | 31,884 |
| Ian Cochrane (COO) | 45,202 |
| Derek Randall (Director) | 111,521 |
The awards are structured as nil exercise cost options normally exercisable between 3 and 10 years after grant. No consideration was paid for the grant of the awards.
The Company was notified of these transactions on 28th June 2019.
Details of the full notifications received by the Company are set out below:
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Alan Dunsmore
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
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 50,724 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Not applicable-single transaction
e)
Date of the transaction
2019-06-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Ian Cochrane
2
Reason for the notification
a)
Position/status
COO
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
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 45,202 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Not applicable-single transaction
e)
Date of the transaction
2019-06-28
f)
Place of the transaction
Outside a trading venue
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
| Ordinary shares of 2.5p |
| GB00B27YGJ97 |
b)
Nature of the transaction
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 31,884 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Not applicable-single transaction
e)
Date of the transaction
2019-06-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Derek Randall
2
Reason for the notification
a)
Position/status
Executive 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
| Ordinary shares of 2.5p |
| GB00B27YGJ97 |
b)
Nature of the transaction
Grant of an award under the Company's Deferred Bonus Share Plan. The award is a nil exercise cost option exercisable normally exercisable between 3 and 10 years after grant subject to continued employment. No consideration was paid for the grant of the award.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 111,521 |
d)
Aggregated information
| - | Aggregated volume |
| - | Price |
Not applicable-single transaction
e)
Date of the transaction
2019-06-28
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
28th June 2019
Classification 3.1
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