Exercise of Options, Issue of Equity and TVR

Springfield Properties PLC

29 August 2023

 

29 August 2023

Springfield Properties plc

("Springfield" or the "Company")

Exercise of Options, Issue of Equity and Total Voting Rights

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that on 22 August 2023, certain employees and a former employee of the Company exercised options over 7,907 ordinary shares of 0.125 pence each in the Company ("Ordinary Shares").

Total Voting Rights

Application has been made to the London Stock Exchange for the 7,907 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8:00 a.m. on or around 30 August 2023. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. 

Following Admission, the total number of Ordinary Shares in issue is 118,514,550. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

Springfield Properties
Sandy Adam, Chairman Innes Smith, Chief Executive Officer	[phone]
Singer Capital Markets
Shaun Dobson, James Moat, Oliver Platts (Investment Banking)	[phone]
Gracechurch Group
Harry Chathli, Claire Norbury	[phone]

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

 

END