PDMR Dealing

RNS Number : 9725V

Springfield Properties PLC

08 November 2017

 

Springfield Properties plc

("Springfield" or "the Company")

PDMR Dealing

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces the grant of options over ordinary shares of 0.125 pence ("Options") to PDMRs of the Company under its Save As You Earn (SAYE) scheme, as set out below. Upon admission of the Company's shares to trading on AIM ("Admission"), eligible employees were invited to subscribe for options over Springfield's ordinary shares of 0.125 pence each ("Ordinary Shares") with an exercise price of 84.8 pence, representing a 20% discount to the placing price of the Ordinary Shares on Admission.

The Options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 1 June 2021. Further details of the SAYE scheme are set out in the Company's admission document dated 10 October 2017. A total of 334 employees elected to participate, and, pursuant to these elections, a total of 3,129,975 Options were granted on 8 November 2017, equating to 3.8% of the current issued share capital of 82,083,642 Ordinary Shares.

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	Options over ordinary shares of 0.125 pence each
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 84.8p (exercise price) 21,226
d)	Aggregated information -   Aggregated volume -   Price	N/A
e)	Date of the transaction	8 November 2017
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	Options over ordinary shares of 0.125 pence each
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 84.8p (exercise price) 21,226
d)	Aggregated information -   Aggregated volume -   Price	N/A
e)	Date of the transaction	8 November 2017
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 White	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Alexis Gore	[phone]

 

END

 

 

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