Director/PDMR Shareholding

RNS Number : 8879P

Springfield Properties PLC

15 June 2020

 

15 June 2020

Springfield Properties plc

("Springfield" or the "Company")

Director/PDMR Shareholding

Sir Angus Grossart increases holding in Springfield Properties plc

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland delivering private and affordable housing, announces that Sir Angus Grossart QC, a prominent Scottish businessman, has purchased from The Adam Settlement Trust, a trust in which Mr Sandy Adam (Executive Chairman of the Company) is interested, 1,058,202 ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares") at a price of 94.5 pence per Ordinary Share, for a total purchase price of £1 million. This increases the interest of Sir Angus Grossart, a non-PDMR of the Company, to 2,362,400 Ordinary Shares, representing approximately 2.41% of the issued share capital of the Company.

In addition, The Adam Settlement Trust has transferred 2,560,000 Ordinary Shares to members of Mr Adam's family. Following these transactions, Mr Adam holds 40,990,120¹ Ordinary Shares, representing approximately 41.9% of the issued share capital of the Company.  

¹ Includes the holdings of Anne Adam, and The Adam Settlement Trust of which Sandy Adam's sons are beneficiaries .

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	The Adam Settlement Trust, Sandy Adam
2	Reason for the notification
a)	Position/status	PCA of Sandy Adam, Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SPRINGFIELD PROPERTIES PLC
b)	LEI	21380026UDE3LKFSDP68
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	Ordinary shares of 0.125 pence each
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			94.5 pence	1,058,202
d)	Aggregated information
		n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	12 June 2020
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	The Adam Settlement Trust, Sandy Adam
2	Reason for the notification
a)	Position/status	PCA of Sandy Adam, Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SPRINGFIELD PROPERTIES PLC
b)	LEI	21380026UDE3LKFSDP68
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	Ordinary shares of 0.125 pence each
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Transfer of Ordinary Shares to members of his family
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	2,560,000
d)	Aggregated information	n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	12 June 2020
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anne Adam
2	Reason for the notification
a)	Position/status	PCA of Sandy Adam, Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SPRINGFIELD PROPERTIES PLC
b)	LEI	21380026UDE3LKFSDP68
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	Ordinary shares of 0.125 pence each
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Receipt of Ordinary Shares from the Executive Chairman
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			n/a	800,000
d)	Aggregated information
		n/a
	- Aggregated volume
	- Price
e)	Date of the transaction	12 June 2020
f)	Place of the transaction	Off market

Enquiries

Springfield Properties
Sandy Adam, Executive Chairman Innes Smith, Chief Executive Officer	[phone]
N+1 Singer
Shaun Dobson, James Moat (Corporate Finance) Rachel Hayes (Corporate Broking)	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Alexis Gore, Joe Quinlan	[phone]

 

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