REG - Springfield Props. - Grant of performance share awards

Springfield PropertiesAnnouncement

Yesterday 16:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251029:nRSc3800Fa&default-theme=true

RNS Number : 3800F  Springfield Properties PLC  29 October 2025

 

 

29 October 2025

 

Springfield Properties plc

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

 

Grant of performance share awards

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland
focused on delivering private and affordable housing, announces that, on 28
October 2025 (the "Grant Date"), it made its annual grant of awards over
ordinary shares of 0.125 pence each in the Company ("Awards") to certain
PDMRs, pursuant to the Company's Performance Share Plan ("PSP") that was
originally established in January 2020. Details of these Awards are set out
below:

 

 Name         Role                     No. of shares over which Awards granted
 Innes Smith  Chief Executive Officer  214,868
 Iain Logan   Chief Financial Officer  135,187

 

No consideration was paid for the grant of the Awards, which have been
structured as "nominal cost" options.

 

The Awards will normally vest on the third anniversary of the Grant Date but
only if, and to the extent that, certain performance conditions are satisfied.
These conditions (which have been set by the Remuneration Committee of the
Company and will be assessed following the end of the financial year to 31 May
2028) relate to the achievement of specified targets applicable to earnings
per share (50% weighting) and the Company's recently announced build-to-rent
strategy (50% weighting). Vesting will also normally be dependent on the
continued employment of the participant within the Group.

 

Once the Awards have vested, they will generally be available to be exercised
until the tenth anniversary of the Grant Date. On any such exercise,
additional "dividend equivalent" entitlements may also be paid to the relevant
individuals.

 

Further information about the overall structure of the PSP can be found in the
Company's annual report and financial statements.

 

Enquiries

 

 Springfield Properties
 Sandy Adam, Chairman                   +44 1343 552550

 Innes Smith, Chief Executive Officer

 Iain Logan, Chief Financial Officer

 Cavendish Capital Markets Limited
 Neil McDonald                          +44 131 220 9771
 Peter Lynch                            +44 131 220 9772

 Gracechurch Group
 Harry Chathli                          +44 20 4582 3500
 Claire Norbury

 

 

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)

 

The following notifications are intended to satisfy the Company's obligations
under Article 19(3) of EU Regulation No 596/2014 as it forms part of domestic
law by virtue of the European Union (Withdrawal) Act 2018.

 

  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                                    Grant of awards (in the form of nominal cost options) over ordinary shares

                                                            pursuant to the Springfield Properties plc Performance Share Plan

 c)   Price(s) and volume(s)

                                                                                    Price(s)                          Volume(s)
                                                                                    0.125 pence (exercise price)      214,868

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      28 October 2025

 f)   Place of the transaction                                     Off market

 

 

  1   Details of the person discharging managerial responsibilities/person closely

    associated

 a)   Name                                                         Iain Logan

 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  Ordinary shares of 0.125 pence each

      Identification code                                          GB00BF1QPG26

 b)   Nature of the transaction                                    Grant of awards (in the form of nominal cost options) over ordinary shares

                                                            pursuant to the Springfield Properties plc Performance Share Plan

 c)   Price(s) and volume(s)

                                                                                    Price(s)                          Volume(s)
                                                                                    0.125 pence (exercise price)      135,187

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      28 October 2025

 f)   Place of the transaction                                     Off market

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHPKCBBABDDCKB



            Copyright 2019 Regulatory News Service, all rights reserved