Springfield Properties PLC Grant of Options (7190T)

TIDMSPR

RNS Number : 7190T

Springfield Properties PLC

16 October 2017

Springfield Properties plc

("Springfield" or the "Company")

Grant of Options

Springfield Properties plc (AIM:SPR) announces that, as set out in the Company's admission document dated 10 October 2017, on 16 October 2017 the Company granted options over ordinary shares of 0.125 pence each in the capital of the Company ("Options") to directors, pursuant to its newly established Company Share Option Plan and Employee Share Option Plan (the "Plans"), the details of which are set out below:

 
 Name               Role                Options 
-----------------  ------------------  -------- 
                    Chief Executive 
 Innes Smith         Officer            236,320 
-----------------  ------------------  -------- 
 Michelle Motion    Finance Director    113,207 
-----------------  ------------------  -------- 
 

All Options are exercisable at a price of 106 pence, being the placing price paid by investors in connection with the Company's admission to AIM and vest on the third anniversary of their grant. The options are exercisable once vested for a 10 year period from the date of grant.

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/        Initial Notification 
        Amendment 
----  --------------------------  ------------------------------------- 
  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                  Ordinary shares of 0.125 pence each 
        of the financial             ("Shares") 
        instrument, 
        type of instrument 
---- 
       Identification               GB00BF1QPG26 
        code 
----  --------------------------  ------------------------------------- 
  b)   Nature of                    Grant of options 
        the transaction 
----  --------------------------  ------------------------------------- 
  c)   Price(s) and                    Price(s)       Volume(s) 
        volume(s)                   ----------------  ---------- 
                                     106p (exercise 
                                          price)        236,320 
                                    ----------------  ---------- 
----  --------------------------  ------------------------------------- 
  d)    Aggregated 
         information                  N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ------------------------------------- 
  e)   Date of the                 16 October 2017 
        transaction 
----  --------------------------  ------------------------------------- 
  f)   Place of the                Off market 
        transaction 
----  --------------------------  ------------------------------------- 
 
 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
----  ----------------------------------------------------------------- 
  a)   Name                         Michelle Motion 
----  --------------------------  ------------------------------------- 
  2     Reason for the notification 
----  ----------------------------------------------------------------- 
  a)   Position/status              Finance Director 
----  --------------------------  ------------------------------------- 
  b)   Initial notification/        Initial Notification 
        Amendment 
----  --------------------------  ------------------------------------- 
  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                  Ordinary shares of 0.125 pence each 
        of the financial             ("Shares") 
        instrument, 
        type of instrument 
---- 
       Identification               GB00BF1QPG26 
        code 
----  --------------------------  ------------------------------------- 
  b)   Nature of                   Grant of options 
        the transaction 
----  --------------------------  ------------------------------------- 
  c)   Price(s) and                    Price(s)       Volume(s) 
        volume(s)                   ----------------  ---------- 
                                     106p (exercise 
                                          price)        113,207 
                                    ----------------  ---------- 
----  --------------------------  ------------------------------------- 
  d)    Aggregated 
         information                 N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  ------------------------------------- 
  e)   Date of the                 16 October 2017 
        transaction 
----  --------------------------  ------------------------------------- 
  f)   Place of the                Off market 
        transaction 
----  --------------------------  ------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHLLFSFIVLRLID

(END) Dow Jones Newswires

October 16, 2017 08:43 ET (12:43 GMT)