PDMR Share Purchase

RNS Number : 2234A

Springfield Properties PLC

28 May 2019

 

28 May 2019

Springfield Properties plc

("Springfield" or the "Company")

PDMR Share Purchase

Springfield Properties plc (AIM:SPR), a leading housebuilder in Scotland offering private and affordable housing, announces that it has been notified that, on 24 May 2019, certain of the Directors of the Company and their PCAs purchased ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares") at a price of 108.625 pence per Ordinary Share. Details of the respective purchases, together with total resultant shareholdings, are as follows:

Director	Number of shares purchased	Resulting total interest in Ordinary Shares	% of total issued share capital
Sandy Adam*, Executive Chairman	27,450	43,808,322	45.5%
Innes Smith**, Chief Executive Officer	11,400	1,202,428	1.2%
Michelle Motion, Chief Financial Officer	9,150	52,999	0.1%

*Includes 9,150 Ordinary Shares purchased by Sandy Adam's wife, Anne Adam, and includes the holdings of Anne Adam, and The Adam Settlement Trust of which Sandy Adam's sons are beneficiaries.

**Includes 11,400 Ordinary Shares purchased by Innes Smith's wife, Eilidh Smith, and includes the holdings of Eilidh Smith.

Details of the transactions can be found in the Notification of Dealing Forms below. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sandy Adam
2	Reason for the notification
a)	Position/status	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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			108.625 pence	18,300
d)	Aggregated information
	- Aggregated volume	n/a
	- Price
e)	Date of the transaction	24 May 2019
f)	Place of the transaction	London Stock Exchange

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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			108.625 pence	9,150
d)	Aggregated information
	- Aggregated volume	n/a
	- Price
e)	Date of the transaction	24 May 2019
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michelle Motion
2	Reason for the notification
a)	Position/status	Chief Financial 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
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			108.625 pence	9,150
d)	Aggregated information
	- Aggregated volume	n/a
	- Price
e)	Date of the transaction	24 May 2019
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Eilidh Smith
2	Reason for the notification
a)	Position/status	PCA of Innes Smith, 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
	Identification code	GB00BF1QPG26
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			108.625 pence	11,400
d)	Aggregated information
	- Aggregated volume	n/a
	- Price
e)	Date of the transaction	24 May 2019
f)	Place of the transaction	London Stock Exchange

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	[phone]

 

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