Director/PDMR Shareholding

Severfield PLC

01 July 2026

 

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	Paul McNerney
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 of instrument Identification code	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 1,614,906
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andrew Page
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 instrument Identification code	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 1,164,596
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Robert Evans
2	Reason for the notification
a)	Position/status	UK MD
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	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 489,130
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Graeme Buchanan
2	Reason for the notification
a)	Position/status	Europe MD
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	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 388,198
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Mark Sanderson
2	Reason for the notification
a)	Position/status	Company Secretary
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	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 318,322
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Abida Lalani
2	Reason for the notification
a)	Position/status	Group Strategy and Transformation 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	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 326,086
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matt Gamble
2	Reason for the notification
a)	Position/status	Group Financial Controller
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	Ordinary shares of 2.5p GB00B27YGJ97
b)	Nature of the transaction	Grant of an award under the Company's Performance Share Plan as a conditional award of shares. Subject to performance conditions and continued service, the award normally vests in June 2029. The performance conditions are weighted as follows: ·    50% is based on an earnings per share (EPS) target for the year ending 31 March 2029 as follows EPS in the final Financial Year of the Performance Period Percentage of the Award subject to the EPS Performance Condition that Vests Below 7.3 pence 0% 7.3 pence 25% Between 7.3 pence and 8.9 pence* On a straight line basis between 25% and 100% 8.9 pence 100% *This represents a PBT range of £26m to £32m. ·    50% is based on a relative total shareholder return (TSR) target measured against FTSE Small Cap (excluding investment trusts) for the period 28 March 2026 to 31 March 2029 as follows: Rank of the Company's TSR against the TSR of the members of the Comparator Group Percentage of the Award subject to the TSR Performance Condition that Vests Below median 0% Median 25% Between upper quartile and median On a straight-line basis between 25% and 100% based on the Company's ranking in the Comparator Group Upper quartile or above 100%
c)	Price(s) and volume(s)	Price(s) Volume(s)  Nil 163,043
d)	Aggregated information - Aggregated volume - Price	Not applicable-single transaction
e)	Date of the transaction	29/6/26
f)	Place of the transaction	Outside a trading venue

Name of Company Official responsible for making notification: 

Mark Sanderson, Company Secretary

Contact details: 01845 577896

Severfield plc

Severs House

Dalton Airfield Industrial Estate

Thirsk

North Yorkshire

YO7 3JN

1^st July 2026

 

END