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 £0.822 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
Identification code
b)
Nature of the transaction
Sale of ordinary shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.822
141,736
d)
Aggregated information
Single transaction
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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Severfield plc published this content on 23 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 July 2018 15:12:05 UTC
Severfield plc is a United Kingdom-based structural steel company that offers various products, such as Severstor, Rotoflo, Siloflo, Bin Activator, Seversafe, Fabsec and Processing. The Company's services include design, manufacturing, fabrication, delivery, construction and project management. It operates in three segments: Core Construction, Modular Solutions, and JSSL. Its projects include Stadia & Leisure, Transport infrastructure, Commercial Projects, Industrial Projects, and Health and Education Projects. Its Stadia & Leisure projects include Fulham FC Riverside Stand, Tottenham Hotspur Stadium, Wimbledon No.1 Court, V&A Dundee and others. Its Transport infrastructure projects include Ordsall Chord, Ely Southern Bypass and Manchester Airport Multi-Storey Car Park. Its Commercial Projects include 22 Bishopsgate, The Shard and Arbor Bankside Yards. Its Industrial Projects include BRS2 Distribution Centre, Luton Regional Distribution Centre and Stafford Regional Distribution Centre.