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Springfield Properties plc announced that on 5 June 2024, Chief Executive Officer Innes Smith exercised options over 65,178 ordinary shares under the Company's Performance Share Plan. On the same day, Mr. Smith sold these 65,178 ordinary shares at a price of 96.25 pence per share. Following these transactions, he holds 996,374 ordinary shares, representing 0.8% of the enlarged issued share capital.
| Date | 7 Jun 2024 |
| Time | 11:37:56 |
| Category | Director/PDMR dealings |
| ID | 6499R |
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 Shares1 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
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Springfield Properties |
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Sandy Adam, Chairman Innes Smith, Chief Executive Officer Iain Logan, Chief Financial Officer |
+44 1343 552550 |
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Singer Capital Markets |
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Shaun Dobson, James Moat, Oliver Platts (Investment Banking) |
+44 20 7496 3000 |
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Gracechurch Group |
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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
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Innes Smith |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b)
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Initial notification /Amendment |
Initial notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Springfield Properties Group plc |
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b) |
LEI |
21380026UDE3LKFSDP68 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 0.125 pence each GB00BF1QPG26 |
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b) |
Nature of the transaction |
1. Exercise of options pursuant to the Springfield Properties plc Performance Share Plan 2. Disposal of Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
5 June 2024 |
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f) |
Place of the transaction |
1. Off market 2. London Stock Exchange
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