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RNS Number : 6499R Springfield Properties PLC 07 June 2024
7 June 2024
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 5
June 2024, Innes Smith, Chief Executive Officer, exercised options over 65,178
ordinary shares of 0.125 pence each in the Company ("Ordinary Shares") under
the Company's Performance Share Plan ("PSP"). Admission of the 65,178 new
Ordinary Shares has been satisfied via the block listing for the Company's
PSP.
On the same day, Mr Smith subsequently sold 65,178 Ordinary Share at a price
of 96.25 pence per Ordinary Share. Following these transactions, Mr Smith
continues to hold 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 Group 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 65,178
2. Price(s) Volume(s)
96.25p 65,178
d) Aggregated information N/A - single transactions
- Aggregated volume
- Price
e) Date of the transaction 5 June 2024
f) Place of the transaction 1. Off market
2. London Stock Exchange
2. Price(s) Volume(s)
96.25p 65,178
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transactions
e)
Date of the transaction
5 June 2024
f)
Place of the transaction
1. Off market
2. London Stock Exchange
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