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
Ian Lawson
2
Reason for the notification
Position/status
CEO
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Severfield plc
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
Description of the financial instrument, type of instrument
Identification code
Ordinary shares of 2.5p
GB00B27YGJ97
Nature of the transaction
362,506 ordinary shares acquired for nil consideration upon the settlement of a long-term incentive award and the same day disposal of 170,721 of such ordinary shares (settlement of tax liability)
c)
Price(s) and volume(s)
Price(s)
Volume(s)
68.5p
170,721
d)
Aggregated information
-
Aggregated volume
Price
Single transaction
e)
Date of the transaction
2016-11-22: 10.20
f)
Place of the transaction
London Stock Exchange, Main Market (XLON)
Mark Sanderson
Legal Director and Company Secretary
Disposal of ordinary shares
68.8p
11,558
2016-11-22: 10.50
Name of Company Official responsible for making notification:
Mark Sanderson, Company Secretary
Contact details: 01845 577896
Severs House
Dalton Airfield Industrial Estate
Thirsk
North Yorkshire
YO7 3JN
23 November 2016