Director Shareholding & Issue of Equity
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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.
| 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 |
| a) | Name | Springfield Properties Group plc |
| b) | LEI | 21380026UDE3LKFSDP68 |
| 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 - 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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