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Springfield Props. (SPR)

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Thursday 29 April, 2021

Springfield Props.

Director Dealing and SAYE Scheme

RNS Number : 9910W
Springfield Properties PLC
29 April 2021
 

29 April 2021

 

Springfield Properties plc

("Springfield" or the "Company")

 

Director Dealing and SAYE Scheme

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland delivering private and affordable housing, announces the grant of options over ordinary shares of 0.125 pence each ("Options") to employees, including certain Directors, of the Company under its Save As You Earn (SAYE) scheme.

 

Innes Smith, Chief Executive Officer, and Michelle Motion, Chief Financial Officer, have each subscribed for 21,226 Options at a price of 0.125 pence per Option. The Options have an exercise price of 130.05 pence, representing a 10% discount to the closing price of the Company's ordinary shares on the day preceding the invitation to employees to participate in the SAYE scheme.

 

In total, 330 employees elected to participate in the SAYE scheme, representing over 50% of the Company's workforce. Pursuant to these elections, a total of 2,094,548 Options were granted on 29 April 2021, equating to 2.1% of the current issued share capital.

 

The Options have a contract start date of 1 June 2021 and are exercisable between 1 June 2024 and 30 November 2024, subject to the employee, including the Directors, continuing to be in the employment of the Company.

 

Enquiries

 

Springfield Properties

 

Sandy Adam, Chairman

Innes Smith, Chief Executive Officer

+44 1343 552550

 

 

N+1 Singer

 

Shaun Dobson, Rachel Hayes, James Moat

(Investment Banking)

+44 20 7496 3000

 

 

Luther Pendragon

 

Harry Chathli, Claire Norbury, Joe Quinlan

+44 20 7618 9100

 

 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 (the Market Abuse Regulation).

 

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

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

SPRINGFIELD PROPERTIES PLC

b)

 

LEI

 

 

21380026UDE3LKFSDP68

4

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 0.125 pence each

 

 

Identification code

GB00BF1QPG26

 

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

130.05 pence (exercise price)

21,226

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

N/A

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

29 April 2021

f)

 

Place of the transaction

 

 

Off market

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Michelle Motion

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

SPRINGFIELD PROPERTIES PLC

b)

 

LEI

 

 

21380026UDE3LKFSDP68

4

 

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

 

 

a)

 

Description of the financial instrument, type of instrument

Options over ordinary shares of 0.125 pence each

 

 

Identification code

GB00BF1QPG26

 

 

b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

130.05 pence (exercise price)

21,226

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

N/A

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

29 April 2021

f)

 

Place of the transaction

 

 

Off market

 

 

 

 

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