Director/PDMR Shareholding
Severfield plc announced that Commercial Director Rob Evans exercised nil cost share options granted in July 2023 under the Deferred Share Bonus Plan, representing part of his 2022/23 bonus. Following a dividend equivalent adjustment, 93,061 shares vested and were exercised. The tax liability of £16,227, calculated at a share price of £0.371, was settled in cash, and Mr. Evans retained 49,322 shares after the after-tax benefit was awarded.
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The following notification relates to the vesting and exercise of nil cost share options granted under the Severfield Deferred Share Bonus Plan (“the Plan”) on 28th July 2023 representing part of bonus earned in 2022/23. These options vested on 21st October 2026 and were exercised and settled as set out below.
In accordance with the rules of the Plan, where directors chose to exercise and keep their shares, they were awarded shares out of the Severfield EBT to the value of the after tax benefit, with the tax being settled in cash.
| Name | Number of shares awarded on 28 th July 2023 | Number of shares vested and exercised on 21 st October 2026 after dividend equivalent adjustment | Cash paid to settle tax calculated at a share price of £0.371 | Cash to be paid to participant after tax | Shares retained by individual |
| Rob Evans | 74,277 | 93,061 | £16,227 | n/a | 49,322 |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Rob Evans | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Commercial 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 | Exercise of DSBP award made in 2023 representing bonus earned in 2022/23 and settlement of that exercise by cash settling the tax liability and share transfer to the value of the after tax benefit. | |||
| c) | Price(s) and volume(s) | Price Volume Total Share settlement £0.371 43,738 £16,227 | |||
| d) | Aggregated information — Aggregated volume — Price | Not applicable | |||
| e) | Date of the transaction | 21 October 2026 | |||
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.