REG - Springfield Props. - Director Shareholding

Springfield PropertiesAnnouncement

08/07/2024 16:15

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RNS Number : 5631V  Springfield Properties PLC  08 July 2024

8 July 2024

 

Springfield Properties plc

("Springfield" or the "Company")

 

Director Shareholding

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland
focused on delivering private and affordable housing, announces that, on 4
July 2024, Sandy Adam, Chairman, transferred 5,000,000 ordinary shares of
0.125 pence each in the Company ("Ordinary Shares") to his son Gordon Adam
and 5,000,000 Ordinary Shares to his son Scott Adam at nil cost.

 

Following this transfer, the beneficial shareholding¹ of Sandy Adam has
reduced from 37,663,019 Ordinary Shares, representing 31.7% of the issued
share capital, to 27,663,019 Ordinary Shares in the Company, representing
23.3% of the issued share capital. The total resultant interest of the Concert
Party remains unchanged.

 

(1 )Includes the holdings of Anne Adam, The Adam Settlement (of which Sandy
Adam's sons are beneficiaries) and AW Adam Liferent Trust (of which Sandy Adam
is a beneficiary).

 

 

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                                                         Sandy Adam
 2    Reason for the notification
 a)   Position/status                                              Chairman
 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                                    Transfer of Ordinary Shares for nil consideration to:

                                                                   1.    Gordon Adam; and

                                                                   2.    Scott Adam

 c)   Price(s) and volume(s)

  Price(s)  Volume(s)
                                                                   1.  Nil       5,000,000
                                                                   2.  Nil       5,000,000
 d)   Aggregated information                                       Price(s)  Volume(s)

                                                            Nil       10,000,000
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      4 July 2024
 f)   Place of the transaction                                     Off market transfer

d)

Aggregated information

- Aggregated volume

- Price

 Price(s)  Volume(s)
 Nil       10,000,000

e)

Date of the transaction

4 July 2024

f)

Place of the transaction

Off market transfer

 

 

 

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