REG - Springfield Props. - Director Shareholding & Issue of Equity

Springfield PropertiesAnnouncement

18/02/2025 07:15

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RNS Number : 4293X  Springfield Properties PLC  18 February 2025

18 February 2025

 

Springfield Properties plc

("Springfield" or the "Company")

 

Director Shareholding & Issue of Equity

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland
focused on delivering private and affordable housing, announces that, on 17
February 2025, certain employees, including Innes Smith, Chief Executive
Officer, exercised options over a total of 138,693 ordinary shares of 0.125
pence each in the Company ("Ordinary Shares") under the Company's Performance
Share Plan ("PSP"). Admission of the 138,693 new Ordinary Shares has been
satisfied via the block listing for the Company's PSP.

 

Director Shareholding

 

Innes Smith exercised options over 85,585 Ordinary Shares and, on the same
day, subsequently sold 85,585 Ordinary Shares at a price of 106.82 pence per
Ordinary Share. Following these transactions, Mr Smith continues to have an
interest in 996,374 Ordinary Shares(1) 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.

 

Enquiries

 

 Springfield Properties
 Sandy Adam, Chairman                                          +44 1343 552550

 Innes Smith, Chief Executive Officer

 Iain Logan, Chief Financial Officer

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

 Gracechurch Group
 Harry Chathli, Claire Norbury, Henry Gamble                   +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)

 

 

 

 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                                    1.    Exercise of options pursuant to the Springfield Properties plc
                                                                   Performance Share Plan

                                                                   2.    Disposal of Ordinary Shares
 c)   Price(s) and volume(s)                                       1.        Price(s)  Volume(s)
                                                                        0.125p    85,585

 

2.        Price(s)   Volume(s)
                                                                        106.8197p  85,585
 d)   Aggregated information                                       N/A - single transactions

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      17 February 2025
 f)   Place of the transaction                                     1.    Off market

                                                                   2.    London Stock Exchange

 

 2.        Price(s)   Volume(s)
           106.8197p  85,585

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transactions

e)

Date of the transaction

17 February 2025

f)

Place of the transaction

1.    Off market

2.    London Stock Exchange

 

 

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