Director Shareholding & Issue of Equity

Springfield Properties PLC
07 June 2024
 

7 June 2024

 

Springfield Properties plc

("Springfield" or the "Company")

 

Director Shareholding & Issue of Equity

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that, on 5 June 2024, Innes Smith, Chief Executive Officer, exercised options over 65,178 ordinary shares of 0.125 pence each in the Company ("Ordinary Shares") under the Company's Performance Share Plan ("PSP"). Admission of the 65,178 new Ordinary Shares has been satisfied via the block listing for the Company's PSP.

 

On the same day, Mr Smith subsequently sold 65,178 Ordinary Share at a price of 96.25 pence per Ordinary Share. Following these transactions, Mr Smith continues to hold 996,374 Ordinary Shares1 in the Company, representing 0.8% of the enlarged issued share capital.

 

Includes the holdings of Innes Smith's wife, Eilidh Smith, and his children.

 

Enquiries

 

Springfield Properties


Sandy Adam, Chairman

Innes Smith, Chief Executive Officer

Iain Logan, Chief Financial Officer

+44 1343 552550



Singer Capital Markets


Shaun Dobson, James Moat, Oliver Platts (Investment Banking)

+44 20 7496 3000



Gracechurch Group


Harry Chathli, Claire Norbury, Henry Gamble

+44 20 4582 3500

 

Analyst Research

 

Equity Development and Progressive Equity produce freely available research on Springfield Properties plc, including financial forecasts. This is available to view and download here:

https://www.thespringfieldgroup.co.uk/news/updates-and-analyst-reports

 

 
 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Innes Smith

2

Reason for the notification

a)

Position/status

Chief Executive Officer

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 Group 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

Identification code

Ordinary shares of 0.125 pence each

GB00BF1QPG26

b)

Nature of the transaction

1.    Exercise of options pursuant to the Springfield Properties plc Performance Share Plan

2.    Disposal of Ordinary Shares

c)

Price(s) and volume(s)

1.   

Price(s)

Volume(s)

0.125p

65,178

 

2.   

Price(s)

Volume(s)

96.25p

65,178

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transactions

e)

Date of the transaction

5 June 2024

f)

Place of the transaction

1.    Off market

2.    London Stock Exchange

 

 

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END
 
 
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