REG - Springfield Props. - Director Shareholding, Issue of Equity and TVR

Springfield PropertiesAnnouncement

27/07/2023 15:30

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RNS Number : 4649H  Springfield Properties PLC  27 July 2023

27 July 2023

 

Springfield Properties plc

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

 

Director Shareholding, Issue of Equity and Total Voting Rights

 

Springfield Properties (AIM: SPR), a leading housebuilder in Scotland focused
on delivering private and affordable housing, announces that, on 27 July 2023,
Innes Smith, Chief Executive Officer, exercised options over 10,648 ordinary
shares of 0.125 pence each in the Company ("Ordinary Shares") at a price of
0.125 pence per Ordinary Share under the Company's Performance Share Plan.

 

Following this exercise, Mr. Smith holds 996,374(1) Ordinary Shares in the
Company, representing 0.8% of the enlarged issued share capital.

 

(1 )Includes the holdings of Innes Smith's wife, Eilidh Smith, and his
children.

 

Total Voting Rights

 

Application has been made to the London Stock Exchange for the 10,648 Ordinary
Shares to be admitted to trading on AIM ("Admission") and it is expected that
Admission will become effective at 8:00 a.m. on or around 2 August 2023. The
new Ordinary Shares will rank pari passu with the existing Ordinary Shares
in the Company.

 

Following Admission, the total number of Ordinary Shares in issue will be
118,506,643. This figure 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 Disclosure and Transparency Rules of the Financial Conduct
Authority.

 

 

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

 

Analyst Research

 

Equity Development and Progressive Equity produce freely available research on
Springfield Properties plc, including financial forecasts. This is available
to view and download here:

https://www.thespringfieldgroup.co.uk/news/updates-and-analyst-reports
(https://www.thespringfieldgroup.co.uk/news/updates-and-analyst-reports)

 

 

 

 

 

 

 

Notification and public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them

 

 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  Ordinary shares of 0.125 pence each
     Identification code                                          GB00BF1QPG26
 b)  Nature of the transaction                                    Exercise of options pursuant to the Springfield Properties plc Performance
                                                                  Share Plan
 c)  Price(s) and volume(s)                                       Price(s)     Volume(s)
                                                                  0.125 pence  10,648
 d)  Aggregated information

     -   Aggregated volume

     -   Price                                                    N/A

 e)  Date of the transaction                                      27 July 2023
 f)  Place of the transaction                                     Off market

d)

Aggregated information

-   Aggregated volume

-   Price

 

 

 

N/A

e)

Date of the transaction

27 July 2023

f)

Place of the transaction

Off market

 

 

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