Severfield Projects Achieve Landmark Status

Three projects delivered by structural steel specialist Severfield have been named in a list of the UK’s greatest landmarks by the Construction Industry Training Board (CITB).

The First Direct Arena in Leeds, Manchester’s Etihad Stadium and the Library of Birmingham, all Severfield projects, were chosen by the CITB alongside other iconic buildings such as London’s 30 St Mary Axe (‘The Gherkin’).

First Direct Arena 2

Gateshead’s Sage makes up the full list chosen by the board, who will also honour the people who built the chosen five buildings at the Pride of Construction awards in London on September 10, as part of its 50th anniversary celebrations.

The First Direct Arena recently hosted the Tour de France opening ceremony and has been established as a premier live performance venue to rival arenas across the UK. Last month the arena beat competition from around the world, including the new Olympic Stadium in Sochi, the SSE Hydro in Glasgow and the Allianz Riviera stadium in Nice, to win the prestigious New Venue of the Year title at the Stadium Business Awards in London.

The Etihad Stadium is the home ground of Manchester City FC and opened in August 2003. Severfield designed, fabricated and erected steel as part of a major redesign following the Commonwealth Games with a lower tier and north stand added to increase capacity. The company is currently working on a project at the stadium, involving 4,000 tonnes of steel.

The Library of Birmingham is a flagship project for the city’s redevelopment and has been described as the largest public library in the UK. The project, which opened to the public in September 2013, yielded a number of awards for main contractor Carillion, including the 2012 Guardian Sustainable Business Award for Social Impact.

Commenting on this accolade, Severfield’s chief executive Ian Lawson said: “We are delighted that the CITB, as part of its drive to celebrate the industry, have recognised these iconic buildings within its top five landmark projects in the UK. Severfield has played a vital part in enabling the design teams to realise and create their vision for these structures.

“These world-class facilities showcase not only the capabilities of the company, but also the skills of our design, fabrication and erection teams.”

Located in Leeds City Centre, the 13,500 capacity First Direct Arena provides live entertainment, staging more than 140 events a year.

The iconic external honeycombed design combines with ever-changing multi-coloured lights that alter its outside appearance. Severfield provided the connection design, fabrication and erection for the 4,000 tonnes of structural steelwork incorporated into the structure, 80 percent of which is coated in intumescent fire protection paint.

Severfield Project Recognised as Best Tall Building Finalist

Severfield project NEO Bankside has been recognised as a finalist in the Best Tall Building awards 2014 European category by the Council on Tall Buildings and Urban Habitat (CTBUH).

NEO Bankside 1

Although not the overall winner, the iconic NEO Bankside residential development, located next to Tate Modern on the cultural South Bank of the River Thames in London, is being honoured as an exemplary project that is ‘deserved of winner status’ by the judging panel made up of industry experts.

Severfield Chief Executive Officer, Ian Lawson, said: “We are delighted that this innovative development has been recognised as a finalist for this prestigious award; which was won by Severfield project The Shard last year.”

The pioneering development features an external bracing system forming a steel diagrid across the facades. These supports carry the weight of each structure, preventing the need for load-bearing walls inside the building and in turn allowing flexible layouts on different floors.

The NEO Bankside building, which was nominated by architects Rogers Stirk Harbour & Partners, will be featured in an exhibition of all the winning and finalist projects in conjunction with the 2014 CTBUH Awards symposium on November 6.

In addition, as a finalist, the project will be featured prominently in the 2014 CTBUH Awards book, which is produced by the CTBUH and distributed internationally.

For more information about NEO Bankside, watch the video case study produced by The British Constructional Steelwork Association Ltd (BCSA).

Severfield Announces Its Preliminary Results For Year Ended 31 March 2014


• Underlying* profit before tax of £4.0m (2013: £21.5m loss)

• UK underlying operating margin (before JVs and associates) recovery to 3.3% (2013: -6.0%)

• Share of losses from Indian joint venture of £3.0m (2013: £0.3m loss)

• Period end net funds position of £0.3m (31 March 2013: £41.2m net debt)

• Further restructuring of largest business, Severfield-Watson Structures, concluded successfully

• Operational improvement programme progressing well and continuing

• UK order book steady at £168m at 1 May 2014 (1 November 2013: £172m)

• India order book of £41m at 1 May 2014 (1 November 2013: £34m)


Severfield Announces Its Preliminary Results For Year Ended 31 March 2014


• Underlying* profit before tax of £4.0m (2013: £21.5m loss)

• UK underlying operating margin (before JVs and associates) recovery to 3.3% (2013: -6.0%)

• Share of losses from Indian joint venture of £3.0m (2013: £0.3m loss)

• Period end net funds position of £0.3m (31 March 2013: £41.2m net debt)

• Further restructuring of largest business, Severfield-Watson Structures, concluded successfully

• Operational improvement programme progressing well and continuing

• UK order book steady at £168m at 1 May 2014 (1 November 2013: £172m)

• India order book of £41m at 1 May 2014 (1 November 2013: £34m)

Severfield plc launches new brand and website

Severfield, the market-leading structural steel group, announces that further to the General Meeting to approve the change of name to Severfield plc, the Company has today formally re-branded and launched its new company website at

As part of the Group’s comprehensive strategic and operational review, Severfield’s management initiated a full re-branding programme which included the previously announced change of name and development of a new company website. The re-branding programme encompasses all of the Group’s main operating divisions with the aim of improving internal and external marketing and communications and simplifying Severfield’s branding and naming structure.

Ian Lawson, Chief Executive Officer, said:

“Today’s brand and company website launch is a major step forward for Severfield forming an integral part of the Group’s overall operation review. Following important feedback from our major stakeholders and customers we understand that in this competitive market it is key to have a single, focused brand and management is delighted to have achieved this.”


Severfield plc Directorate Change

Severfield plc, the market-leading structural steel group, announces the appointment of Tony Osbaldiston and Kevin Whiteman to the Board as Non-executive Directors, with effect from 19 July 2014.

In addition, the Company announces that Toby Hayward will retire from the Board on 18 July 2014 having served as a Non-executive Director for six years, including three years as Non-executive Chairman and three years as Chairman of the audit committee.

Mr. Osbaldiston is a chartered accountant having qualified with PwC. He was previously Finance Director of Max Factor UK, Volvo Cars UK, Raymarine plc and FirstGroup plc, where he was also Deputy Group Chief Executive and Chief Executive of FirstGroup America.

Mr. Osbaldiston has been a Non-executive Director and Chairman of the audit committee of the BSS Group plc, and Chairman of the remuneration committee of Synstar International plc. He is currently Chairman of Encon, the insulation and building products distributor, and also Non-executive Director and Chairman of the audit and risk committee of the Serious Fraud Office.

Mr. Osbaldiston will take over as chair of the Company’s audit committee following the retirement of Mr. Hayward.

Mr. Whiteman is a chartered engineer and currently Non-executive Chairman of Kelda Group and Yorkshire Water, to which he was appointed in 2010 after eight years as Chief Executive of both companies. In 2013 Mr. Whiteman was appointed Chairman of the privately-owned NG Bailey. Prior to his current role at Kelda Group, Mr. Whiteman held positions including Chief Executive of the National Rivers Authority, Regional Director of the Environment Agency, as well as a number of senior positions within British Coal. Mr. Whiteman was previously Chairman for Wales and West Gas Networks (UK) Limited, and has been a trustee for WaterAid UK.

Mr. Whiteman will take over as the Senior Non-executive Director following the retirement of Keith Elliott as previously announced, effective from 21 July 2014.

John Dodds, Chairman of Severfield, commented:

“I am delighted to welcome Tony and Kevin to the Board. They both have strong track records and bring a wealth of experience that will be of significant benefit to the Group as it continues its strategic and operational development.

“The Board would like to thank Toby for his extensive contribution and dedication to the Company over a number of years, and we wish him well for the future.”

There is no additional information required to be disclosed pursuant to paragraph LR9.6.13R of the Listing Rules of the Financial Conduct Authority.

Details of Proxy Voting for the Resolution of Change of Name

Full details of the proxy voting results for the change of name resolution passed as a special resolution at yesterday’s meeting are as follows:

Votes For % Votes Against % Total VotesValidly Cast % Of IssuedShareCapitalVoted VotesWithheld
233,387,522 99.92 188,972 0.08 233,576,494 78.51 0


1. The percentages above are rounded to two decimal places.

2. Votes “for” include discretionary votes.

3. The number of ordinary shares in issue at 2pm on 15 May 2014 was 297,503,587.

In accordance with Listing Rule 9.6.2R, a copy of the resolution passed by the Company at the General Meeting held on 15 May 2014 has been submitted to the National Storage Mechanism and will shortly be available for inspection at


Result of General Meeting and Change of Name

Severfield-Rowen plc is pleased to announce that at its General Meeting held today, the resolution to change the Company’s name from ‘Severfield-Rowen plc’ to ‘Severfield plc’ was duly passed.

The Company’s TIDM (ticker symbol) “SFR” will remain unchanged, as do its ISIN number and SEDOL code. Dealings under the name “Severfield plc” are expected to commence at 08:00am on Monday 19 May.

Shareholdings are unaffected by the change of name and share certificates in the name of Severfield-Rowen plc should be retained, as they will remain valid for all purposes. New share certificates issued hereafter will bear the name Severfield plc.

The Board believes the name change simplifies and modernises the Company’s proposition across the full spectrum of its stakeholder universe and reflects the strength of the overall brand.

Full details of the voting results will be available on the Company’s website

Notice of Final Results

Severfield-Rowen Plc, the market leading structural steel group, will announce its Final Results for the period ended 31 March 2014 on Tuesday 3 June 2014.

A briefing for analysts will be held at 9.00 a.m. on Tuesday 3 June at Bell Pottinger’s offices, Holborn Gate, 330 High Holborn, London, WC1V 7QD.

Notice of Capital Markets Event

Severfield-Rowen plc (The “Group” of the “Company”)

Notice of Capital Markets Event:

Severfield-Rowen plc announces that it is today (25 April 2014) hosting a Capital Markets Event for analysts and investors at its Lostock facility in Bolton, which will include presentations from the Executive Management team and a tour of the operational facilities.

No material new information will be disclosed.

Presentation materials are available here.