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On 4 July 2024, Sandy Adam, Chairman of Springfield Properties plc, transferred 5,000,000 ordinary shares to his son Gordon Adam and 5,000,000 ordinary shares to his son Scott Adam at nil cost. Following this transfer, Sandy Adam's beneficial shareholding reduced from 37,663,019 Ordinary Shares (31.7%) to 27,663,019 Ordinary Shares (23.3%) of the issued share capital.
| Date | 8 Jul 2024 |
| Time | 16:03:12 |
| Category | Director/PDMR dealings |
| ID | 5631V |
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
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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 |
Sandy Adam |
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2 |
Reason for the notification |
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a) |
Position/status |
Chairman |
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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 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 |
Transfer of Ordinary Shares for nil consideration to: 1. Gordon Adam; and 2. Scott Adam
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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 |
4 July 2024 |
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f) |
Place of the transaction |
Off market transfer
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