Business
Director/PDMR Shareholding
Severfield plc has announced a conditional award of 1,843,972 ordinary shares to CEO Paul McNerney under the Company's Performance Share Plan, granted on 7 January 2026 outside a trading venue. This award is subject to performance conditions, including EPS targets of 5.8 pence to 7.9 pence and ROCE targets of 10% to 13% for the year ending 31 March 2028, alongside 30% weighted transformational objectives. The award normally vests in June 2028, with vesting percentages determined by performance against these metrics. Disclaimer*
About this update from Severfield Plc
[{"type":"text","content":"\n\nNOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\nDue to an administrative oversight, this notification, relating to a transaction on 7 January 2026, is being released at a later date.\n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities/person closely associated\n\n\n\n\na)\n\n\nName\n\n\nPaul McNerney\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nCEO\n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nSeverfield plc\n\n\n\n\nb)\n\n\nLEI\n\n\n21380025AWPR781CY104\n\n\n\n\n4\n\n\nDetails 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\n\n\n\n\na)\n\n\nDescription of the financial instrument, type of instrument\nIdentification code\n\n\n\n\n\n\nOrdinary shares of 2.5p\n\n\n \n\n\n\n\n\n\n\n\n\nGB00B27YGJ97\n\n\n \n\n\n\n\n\n\n\n\n\nb)\n\n\nNature of the transaction\n\n\nGrant 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 2028.\nThe performance conditions are weighted as follows:\n· 50% is based on an EPS target for the year ending 31 March 2028 of 5.8 pence (threshold performance - 12.5% vests) to 7.9 pence (maximum performance - 50% vests) with linear interpolation in between. This represents a PBT range of £22m to £30m.\n· 20% is based on an ROCE target for the year ending 31 March 2028 of 10% (threshold performance -5% vests) to 13% (maximum performance - 20% vests) with linear interpolation in between.\n· 30% is based on 5 key transformational objectives relating to improved market prioritisation, manufacturing and project delivery. Certain details of the transformation programme metrics are commercially sensitive and will therefore be disclosed retrospectively at the point of vesting.\n\n\n\n\nc)\n\n\nPrice(s) and volume(s)\n\n\n\n\n\n\nPrice(s)\n\n\nVolume(s)\n\...