Launch of Share Buyback Programme

Springfield Properties PLC

16 September 2026

 

16 September 2026

Springfield Properties plc

(“Springfield”, the “Company” or the “Group”)

Launch of Share Buyback Programme

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland, announces that the Board has approved a share buyback programme of up to 5,957,372 ordinary shares of 0.125 pence each (“Ordinary Shares”) in the capital of the Company (the “Buyback Programme”).

The Company has instructed Cavendish Capital Markets Limited (“Cavendish”) to conduct the Buyback Programme on its behalf on a broker-managed basis, with trading decisions taken independently of the Company. The Buyback Programme commences today and ends no later than the close of the Company’s 2026 Annual General Meeting, or earlier if the maximum number of Ordinary Shares has been reached.

The Buyback Programme will be conducted in accordance with the terms of the Company’s authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 29 October 2025 (the “Authority”) provided that the maximum number of Ordinary Shares purchased is 5,957,372 (representing approximately five per cent of the of the Company's issued Ordinary Share capital at the date of the Authority), the minimum price paid per Ordinary Share is 0.125 pence and the maximum price paid per Ordinary Share is no greater than five per cent above the average middle market price of an Ordinary Share for the five business days immediately preceding the date on which the buy back is effected.

Springfield intends to hold all Ordinary Shares so purchased in treasury for the purpose of satisfying future obligations in relation to its employees’ or other share schemes.

Shareholders should be aware that the Buyback Programme will, insofar as is possible, be conducted in accordance with the safe harbour parameters of MAR (as defined below); however, the Buyback Programme may, on any given trading day, represent a significant proportion of the daily trading volume in the Ordinary Shares on the London Stock Exchange and could exceed 25 per cent of the average daily trading volume. Accordingly, the Company may not benefit from the exemption contained in Article 5(1) in the UK version of the Market Abuse Regulations (Regulation (EU) No 596/2014) as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR“).

The Company will make further announcements in due course following any share purchases under the Buyback Programme.

Enquiries

Springfield Properties
Sandy Adam, Chairman Innes Smith, Chief Executive Officer Iain Logan, Chief Financial Officer	[phone]
Cavendish Capital Markets Limited
Neil McDonald Peter Lynch Hanna Leijonmarck	[phone] [phone] [phone]
Gracechurch Group
Harry Chathli Claire Norbury	[phone]

Analyst Research

Equity Development produces 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

 

END