Director/PDMR Shareholding
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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).
| 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 |
| a) | Name | Springfield Properties plc |
| b) | LEI | 21380026UDE3LKFSDP68 |
| 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 - 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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