Grant of Options

RNS Number : 5230C

Springfield Properties PLC

01 October 2018

 

1 October 2018

Springfield Properties plc

("Springfield" or the "Company")

Grant of Options

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces that, on 1 October 2018, the Company granted options over ordinary shares of 0.125 pence each in the capital of the Company ("Options") to certain PDMRs, pursuant to the Company Share Option Plan and Employee Share Option Plan (the "Plans"), the details of which are set out below:

Name	Role	Options
Innes Smith	Chief Executive Officer	257,142
Michelle Motion	Finance Director	129,795

All Options are exercisable at a price of 122.5 pence, being the closing share price on 28 September 2018, and vest on the third anniversary of their grant. The options are exercisable once vested for a 10-year period from the date of grant.

For further information, please contact:

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

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

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 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 ("Shares")
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 122.5p (exercise price) 257,142
d)	Aggregated information -   Aggregated volume -   Price	N/A
e)	Date of the transaction	01 October 2018
f)	Place of the transaction	Off market

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michelle Motion
2	Reason for the notification
a)	Position/status	Finance Director
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 ("Shares")
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 122.5p (exercise price) 129,795
d)	Aggregated information -   Aggregated volume -   Price	N/A
e)	Date of the transaction	01 October 2018
f)	Place of the transaction	Off market

 

END

 

 

DSHKFLBBVBFEFBF