Director Dealing and SAYE Scheme

RNS Number : 9910W

Springfield Properties PLC

29 April 2021

 

29 April 2021

Springfield Properties plc

("Springfield" or the "Company")

Director Dealing and SAYE Scheme

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland delivering private and affordable housing, announces the grant of options over ordinary shares of 0.125 pence each ("Options") to employees, including certain Directors, of the Company under its Save As You Earn (SAYE) scheme.

Innes Smith, Chief Executive Officer, and Michelle Motion, Chief Financial Officer, have each subscribed for 21,226 Options at a price of 0.125 pence per Option. The Options have an exercise price of 130.05 pence, representing a 10% discount to the closing price of the Company's ordinary shares on the day preceding the invitation to employees to participate in the SAYE scheme.

In total, 330 employees elected to participate in the SAYE scheme, representing over 50% of the Company's workforce. Pursuant to these elections, a total of 2,094,548 Options were granted on 29 April 2021, equating to 2.1% of the current issued share capital.

The Options have a contract start date of 1 June 2021 and are exercisable between 1 June 2024 and 30 November 2024, subject to the employee, including the Directors, continuing to be in the employment of the Company.

Enquiries

Springfield Properties
Sandy Adam, Chairman Innes Smith, Chief Executive Officer	[phone]
N+1 Singer
Shaun Dobson, Rachel Hayes, James Moat (Investment Banking)	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Joe Quinlan	[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	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)
			130.05 pence (exercise price)	21,226
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	29 April 2021
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	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	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)
			130.05 pence (exercise price)	21,226
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	29 April 2021
f)	Place of the transaction	Off market

 

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