Severfield PLC Director/PDMR Shareholding (2681D)

TIDMSFR

RNS Number : 2681D

Severfield PLC

05 July 2016

Date of notification: 5th July 2016

DIRECTOR/PDMR SHAREHOLDINGS

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 4th July 2016 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 2016:

 
 Name of PDMR                No. of shares held under 
                              the award 
--------------------------  ------------------------- 
 Ian Lawson (CEO)            119829 
--------------------------  ------------------------- 
 Ian Cochrane (COO)          94124 
--------------------------  ------------------------- 
 Alan Dunsmore (FD)          79108 
--------------------------  ------------------------- 
 Derek Randall (Director)    65790 
--------------------------  ------------------------- 
 

The awards are structured as forfeitable awards and will vest unconditionally subject to the rules of the DSBP on 30(th) June 2019. No consideration was paid for the grant of the awards.

The Company was notified of these transactions on 5th July 2016.

This notification is made in accordance with DTR 3.1.4(1)(a).

Name of Company Official responsible for making notification: Mark Sanderson, Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 05, 2016 04:52 ET (08:52 GMT)