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 17 February 2025, certain employees, including Innes Smith, Chief Executive Officer, exercised options over a total of 138,693 ordinary shares of 0.125 pence each in the Company ("Ordinary Shares") under the Company's Performance Share Plan ("PSP"). Admission of the 138,693 new Ordinary Shares has been satisfied via the block listing for the Company's PSP.
Director Shareholding
Innes Smith exercised options over 85,585 Ordinary Shares and, on the same day, subsequently sold 85,585 Ordinary Shares at a price of 106.82 pence per Ordinary Share. Following these transactions, Mr Smith continues to have an interest in 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 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 85,585 2. Price(s) Volume(s) 106.8197p 85,585 |
| d) | Aggregated information - Aggregated volume - Price | N/A - single transactions |
| e) | Date of the transaction | 17 February 2025 |
| f) | Place of the transaction | 1. Off market 2. London Stock Exchange |
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