Director/PDMR Shareholding
Severfield plc announced on October 31, 2025, the grant of conditional share awards under the Company's Performance Share Plan to persons discharging managerial responsibilities. Mark Sanderson received an award of 269,737 ordinary shares of 2.5p, while Matt Gamble received an award of 114,474 ordinary shares of 2.5p. The awards, granted outside a trading venue on October 30, 2025, are subject to performance conditions and continued service, vesting in June 2028. Performance is based on an EPS target for the year ending March 31, 2028, of 5.8 pence to 7.9 pence, representing a PBT range of £22m to £30m, an ROCE target of 10% to 13%, and five key transformational objectives.
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Mark Sanderson |
| 2 | Reason for the notification | |
| a) | Position/status | Company Secretary |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Severfield plc |
| b) | LEI | 21380025AWPR781CY104 |
| 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 Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2028. The performance conditions are weighted as follows: · 50% is based on an EPS target for the year ending 31 March 2028 of 5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum performance - 50% vests) with linear interpolation in between. This represents a PBT range of £22m to £30m. · 20% is based on an ROCE target for the year ending 31 March 2028 of 10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests) with linear interpolation in between. · 30% is based on 5 key transformational objectives relating to improved market prioritisation, manufacturing and project delivery. Certain details of the transformation programme metrics are commercially sensitive and will therefore be disclosed retrospectively at the point of vesting. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 269,737 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 30/10/25 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Matt Gamble |
| 2 | Reason for the notification | |
| a) | Position/status | Group financial controller |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Severfield plc |
| b) | LEI | 21380025AWPR781CY104 |
| 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 Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2028. The performance conditions are weighted as follows: · 50% is based on an EPS target for the year ending 31 March 2028 of 5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum performance - 50% vests) with linear interpolation in between. This represents a PBT range of £22m to £30m. · 20% is based on an ROCE target for the year ending 31 March 2028 of 10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests) with linear interpolation in between. · 30% is based on 5 key transformational objectives relating to improved market prioritisation, manufacturing and project delivery. Certain details of the transformation programme metrics are commercially sensitive and will therefore be disclosed retrospectively at the point of vesting. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 114,474 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 30/10/25 |
| f) | Place of the transaction | Outside a trading venue |
Name of Company Official responsible for making notification:
Mark Sanderson, Company Secretary
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.