Severfield PLC Director/PDMR share disposal (4927V)

TIDMSFR

RNS Number : 4927V

Severfield PLC

23 July 2018

SEVERFIELD PLC

("the Company")

23 July 2018

Director/PDMR share disposal

This notification is made in accordance with the EU Market Abuse Regulation.

The Company announces that on 20 July 2018 Derek Randall (an Executive Director of the Company), sold 141,736 ordinary shares of 2.5p each in the Company at a price of GBP0.822 per share.

Following this transaction, which is detailed in the PDMR Notification Dealing Form below, Mr Randall retains 469,214 ordinary shares, representing 0.15% of the Company's issued share capital.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 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 of instrument          Ordinary shares of 2.5p 
       Identification code                                                  GB00B27YGJ97 
     ------------------------------------------------------------------  --------------------------- 
 b)   Nature of the transaction                                           Sale of ordinary shares 
     ------------------------------------------------------------------  --------------------------- 
 c)   Price(s) and volume(s)                                               Price(s)    Volume(s) 
                                                                            GBP0.822    141,736 
                                                                                       ---------- 
     ------------------------------------------------------------------  --------------------------- 
 d)   Aggregated information -   Aggregated volume                        Single transaction 
 
        -   Price 
     ------------------------------------------------------------------  --------------------------- 
 e)   Date of the transaction                                             20/7/18 
     ------------------------------------------------------------------  --------------------------- 
 f)   Place of the transaction                                            London Stock Exchange 
     ------------------------------------------------------------------  --------------------------- 
 

Enquiries:

Mark Sanderson, Company Secretary

Contact details: 01845 577896

Severfield plc

Severs House

Dalton Airfield Industrial Estate

Thirsk

North Yorkshire

YO7 3JN

Classification: 3.1

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July 23, 2018 11:05 ET (15:05 GMT)