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RNS Number : 6355N

Springfield Properties PLC

02 February 2021

 

2 February 2021

Springfield Properties plc

("Springfield" or the "Company")

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Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces that application has been made for the admission to trading on AIM ("Admission") of 1,626,515 ordinary shares of 0.125 pence each ("Ordinary Shares"). This share issuance is to satisfy the final deferred consideration for the Group's acquisition of Walker Holdings (Scotland) Limited on 31 January 2019.

The new Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares and it is expected that Admission will become effective and trading will commence at 8.00am GMT on or around 4 February 2021.

In addition, the Company has allotted 417,381 Ordinary Shares from its block listing facility following the exercise of options by employees.

Following these transactions, the total number of Ordinary Shares in issue is 100,600,404. There are no shares held in treasury. The figure of 100,600,404 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]
N+1 Singer
Shaun Dobson, James Moat (Corporate Finance) Rachel Hayes (Corporate Broking)	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Joe Quinlan	[phone]

 

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