Director/PDMR Shareholding
In brief · summary, not quotable
Severfield plc announced that several individuals discharging managerial responsibilities, including the CEO, CFO, UK MD, Europe MD, Company Secretary, Group Strategy and Transformation Director, and Group Financial Controller, were granted conditional awards of ordinary shares under the Company's Performance Share Plan on June 29, 2026. These awards, which have a nil price, are subject to performance conditions related to earnings per share and relative total shareholder return, with vesting normally occurring in June 2029. The total number of shares awarded across these individuals is 3,980,247.
Full announcement
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Paul McNerney |
| 2 | Reason for the notification | |
| a) | Position/status | CEO |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1,614,906 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Andrew Page |
| 2 | Reason for the notification | |
| a) | Position/status | CFO |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 1,164,596 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Robert Evans |
| 2 | Reason for the notification | |
| a) | Position/status | UK MD |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 489,130 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Graeme Buchanan |
| 2 | Reason for the notification | |
| a) | Position/status | Europe MD |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 388,198 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| f) | Place of the transaction | Outside a trading venue |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 318,322 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| f) | Place of the transaction | Outside a trading venue |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name | Abida Lalani |
| 2 | Reason for the notification | |
| a) | Position/status | Group Strategy and Transformation Director |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 326,086 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| 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 2029. The performance conditions are weighted as follows: · 50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m . · 50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100% |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 163,043 |
| d) | Aggregated information - Aggregated volume - Price | Not applicable-single transaction |
| e) | Date of the transaction | 29/6/26 |
| f) | Place of the transaction | Outside a trading venue |
Name of Company Official responsible for making notification:
Mark Sanderson, Company Secretary
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