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SFR.GB Severfield Plc

77.50
-1.00 (-1.27%)
09 Oct 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Severfield Plc AQSE:SFR.GB Aquis Stock Exchange Ordinary Share GB00B27YGJ97
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -1.27% 77.50 74.00 81.00 80.00 78.50 80.00 0.00 16:29:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Severfield PLC Notification of Transactions of Directors (4550P)

09/10/2023 2:46pm

UK Regulatory


Severfield (AQSE:SFR.GB)
Historical Stock Chart


From Oct 2022 to Oct 2024

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TIDMSFR

RNS Number : 4550P

Severfield PLC

09 October 2023

9(th) October 2023

Severfield plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

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 28(th) June 2019 and 5(th) October 2020. These options vested on 28(th) June 2022 and 5(th) October 2023 respectively and were exercised and settled as set out below.

In accordance with the rules of the Plan and the Company's Directors' Remuneration Policy, where directors chose to exercise and sell the shares they would have acquired, they received a cash payment. This only applied to directors who already satisfy the Company's shareholding requirement. 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.

2019 DSBP

 
  Name              Number of shares     Number of shares    Cash paid to      Cash to be paid to    Shares retained 
                    awarded on 28(th)    vested and          settle tax        participant after     by individual 
                    June 2019            exercised on        calculated at a   tax calculated at 
                                         5(th) October       share price of    a share price of 
                                         2023 after          GBP0.61           GBP0.61 
                                         dividend 
                                         equivalent 
                                         adjustment 
  Alan Dunsmore     50,724               57,884              GBP16,595         n/a                   30,678 
                  -------------------  ------------------  ------------------  ------------------  ------------------- 
 

2020 DSBP

 
  Name              Number of shares     Number of shares    Cash paid to      Cash to be paid to    Shares retained 
                    awarded on 5         vested and          settle tax        participant after     by individual 
                    October 2020         exercised on        calculated at a   tax calculated at 
                                         5(th) October       share price of    a share price of 
                                         2023 after          GBP0.61           GBP0.61 
                                         dividend 
                                         equivalent 
                                         adjustment 
  Alan Dunsmore     194,314              222,158             GBP63,693         GBP71,823             0 
                  -------------------  ------------------  ------------------  ------------------  ------------------- 
  Derek Randall      164,474             188,042             GBP30,425         GBP84,280             0 
                  -------------------  ------------------  ------------------  ------------------  ------------------- 
  Adam Semple        127,410             145,667             GBP41,763         n/a                   77,203 
                  -------------------  ------------------  ------------------  ------------------  ------------------- 
 
 
  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    Ordinary shares of 2.5p 
       of instrument                                     GB00B27YGJ97 
       Identification code 
      ----------------------------------------------  ---------------------------------------------------------------------------------------------------------------------- 
 b)    Nature of the transaction                            1. Exercise of DSBP award and settlement of that exercise partly in shares and partly with 
                                                             a cash payment. 
                                                             2. Exercise of DSBP award and settlement of that exercise with a cash payment. 
      ----------------------------------------------  ---------------------------------------------------------------------------------------------------------------------- 
 c)    Price(s) and volume(s)                             1.                 Price                                             Volume   Total 
                                                            Share settlement   GBP0.00                                           30,678   GBP0 
                                                                              ------------------------------------------------  -------  ---------- 
                                                            Cash settlement    GBP0.61 (price per share paid to settle the       27,206   GBP16,595 
                                                                               exercise of the proportion 
                                                                               of the DSBP award which is cash settled) 
                                                                              ------------------------------------------------  -------  ---------- 
 
                                                              2. Price                                                                                 Volume     Total 
                                                                                                                                                     ---------  ------------ 
                                                          GBP0.61(price per share paid to settle the exercise of the DSBP award)                       222,158    GBP135,516 
                                                                                                                                                     ---------  ------------ 
      ----------------------------------------------  ---------------------------------------------------------------------------------------------------------------------- 
 d)    Aggregated information -   Aggregated volume    Not applicable-single transaction 
 
         -   Price 
      ----------------------------------------------  ---------------------------------------------------------------------------------------------------------------------- 
 e)    Date of the transaction                         2023-10-05 
      ----------------------------------------------  ---------------------------------------------------------------------------------------------------------------------- 
 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                                 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    Ordinary shares of 2.5p 
       of instrument                                     GB00B27YGJ97 
       Identification code 
      ----------------------------------------------  ------------------------------------------------------------------------------------------ 
 b)    Nature of the transaction                       Exercise of DSBP award and settlement of that exercise with a cash payment. 
      ----------------------------------------------  ------------------------------------------------------------------------------------------ 
 c)    Price(s) and volume(s)                            Price                                                            Volume     Total 
                                                          GBP0.61 (price per share paid to settle the exercise of the      188,042    GBP114,705 
                                                          DSBP award) 
                                                                                                                         ---------  ------------ 
      ----------------------------------------------  ------------------------------------------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume    Not applicable-single transaction 
 
         -   Price 
      ----------------------------------------------  ------------------------------------------------------------------------------------------ 
 e)    Date of the transaction                         2023-10-05 
      ----------------------------------------------  ------------------------------------------------------------------------------------------ 
 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                                     CFO 
      --------------------------------------------------  ------------------------------------------------------------ 
 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     Ordinary shares of 2.5p 
       instrument                                            GB00B27YGJ97 
       Identification code 
      --------------------------------------------------  ------------------------------------------------------------ 
 b)    Nature of the transaction                           Exercise of DSBP award and settlement of that exercise 
                                                           partly in shares and partly with a 
                                                           cash payment. 
      --------------------------------------------------  ------------------------------------------------------------ 
 c)    Price(s) and volume(s)                                                   Price              Volume   Total 
                                                              Share settlement   GBP0.00            77,203   GBP0 
                                                                                -----------------  -------  ---------- 
                                                              Cash settlement    GBP0.61 (price     68,464   GBP41,763 
                                                                                  per share paid 
                                                                                  to settle the 
                                                                                  exercise of the 
                                                                                  proportion of 
                                                                                  the DSBP award 
                                                                                  which is cash 
                                                                                  settled) 
                                                                                -----------------  -------  ---------- 
      --------------------------------------------------  ------------------------------------------------------------ 
 d)    Aggregated information -   Aggregated volume        Not applicable-single transaction 
 
         -   Price 
      --------------------------------------------------  ------------------------------------------------------------ 
 e)    Date of the transaction                             2023-10-05 
      --------------------------------------------------  ------------------------------------------------------------ 
 f)    Place of the transaction                            Outside a trading venue 
      --------------------------------------------------  ------------------------------------------------------------ 
 

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END

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October 09, 2023 09:46 ET (13:46 GMT)

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