REG - Springfield Props. - Appointment of Chief Financial Officer

Springfield PropertiesAnnouncement

12/07/2023 07:00

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RNS Number : 7149F  Springfield Properties PLC  12 July 2023

12 July 2023

 

Springfield Properties plc

("Springfield", the "Company", the "Group" or the "Springfield Group")

 

Appointment of Chief Financial Officer

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland
focused on delivering private and affordable housing, is pleased to announce
the appointment of Iain Logan as Chief Financial Officer ("CFO") of the
Company.

 

Mr. Logan, aged 49, has served as interim CFO of the Company since 13 March
2023 having previously held the positions of Finance Director and Group
Financial Controller over the last three years. In these roles, Mr. Logan was
responsible for leading all aspects of financial operations and reporting and
for managing the Group's banking relationships. He also played a key role in
the Company's acquisition, and integration, of Tulloch Homes in December 2021
and the Scottish housebuilding division of MacTaggart & Mickel in June
2022.

 

Prior to joining Springfield, Mr. Logan was Group Financial Controller of
AIM-quoted Omega Diagnostics Group plc, a specialist medical diagnostics
company, for nine years. During this time, his role included being responsible
for the external financial reporting of the business and management of finance
teams in the UK, Germany and India. Mr. Logan joined Omega Diagnostics after
spending eight years with Murray International Holdings Limited where he
gained extensive corporate finance experience working on all aspects of
acquisitions, disposals and fundraising within its investment company. He
also held the Financial Controller role for its residential and property
development company. He is a Chartered Accountant with the Institute of
Chartered Accountants of Scotland and began his career at PwC in Edinburgh.

 

Mr. Logan will be appointed to the Board of the Company subject to the
completion of the requisite regulatory due diligence by the Company's Nomad.
The Company will update the market in due course and provide any information
that is required to be disclosed pursuant to paragraph (g) of Schedule 2 of
the AIM Rules.

 

Innes Smith, CEO of Springfield, said: "The Board has been very pleased with
Iain's performance following his appointment as interim CFO and unanimously
decided to make the position permanent. Since joining Springfield over three
years ago, Iain has made an important contribution to our finance function
and, increasingly, across the business. Accordingly, this appointment is
in-keeping with our long-held values of supporting the development of our
people and providing them with the opportunity to grow. We look forward to
continuing to benefit from Iain's knowledge of the Group's operations and his
broader experience, and to welcoming him to the Board in due course."

 

Enquiries:

 

 Springfield Properties
 Sandy Adam, Chairman                                          +44 1343 552550

 Innes Smith, Chief Executive Officer

 Singer Capital Markets
 Shaun Dobson, James Moat, Oliver Platts (Investment Banking)  +44 20 7496 3000

 Gracechurch Group
 Harry Chathli, Claire Norbury                                 +44 20 4582 3500

 

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