Springfield Properties PLC Appointment of Chief Financial Officer (7149F)

TIDMSPR

RNS Number : 7149F

Springfield Properties PLC

12 July 2023

12 July 2023

Springfield Properties plc

("Springfield", the "Company", the "Group" or the "Springfield Group")

Appointment of Chief Financial Officer

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, is pleased to announce the appointment of Iain Logan as Chief Financial Officer ("CFO") of the Company.

Mr. Logan, aged 49, has served as interim CFO of the Company since 13 March 2023 having previously held the positions of Finance Director and Group Financial Controller over the last three years. In these roles, Mr. Logan was responsible for leading all aspects of financial operations and reporting and for managing the Group's banking relationships. He also played a key role in the Company's acquisition, and integration, of Tulloch Homes in December 2021 and the Scottish housebuilding division of MacTaggart & Mickel in June 2022.

Prior to joining Springfield, Mr. Logan was Group Financial Controller of AIM-quoted Omega Diagnostics Group plc, a specialist medical diagnostics company, for nine years. During this time, his role included being responsible for the external financial reporting of the business and management of finance teams in the UK, Germany and India. Mr. Logan joined Omega Diagnostics after spending eight years with Murray International Holdings Limited where he gained extensive corporate finance experience working on all aspects of acquisitions, disposals and fundraising within its investment company. He also held the Financial Controller role for its residential and property development company. He is a Chartered Accountant with the Institute of Chartered Accountants of Scotland and began his career at PwC in Edinburgh.

Mr. Logan will be appointed to the Board of the Company subject to the completion of the requisite regulatory due diligence by the Company's Nomad. The Company will update the market in due course and provide any information that is required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Innes Smith, CEO of Springfield, said: "The Board has been very pleased with Iain's performance following his appointment as interim CFO and unanimously decided to make the position permanent. Since joining Springfield over three years ago, Iain has made an important contribution to our finance function and, increasingly, across the business. Accordingly, this appointment is in-keeping with our long-held values of supporting the development of our people and providing them with the opportunity to grow. We look forward to continuing to benefit from Iain's knowledge of the Group's operations and his broader experience, and to welcoming him to the Board in due course."

Enquiries:

 
 Springfield Properties 
 Sandy Adam, Chairman 
  Innes Smith, Chief Executive Officer      [phone] 
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 Singer Capital Markets 
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 Shaun Dobson, James Moat, Oliver Platts 
  (Investment Banking)                      [phone] 
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 Gracechurch Group 
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 Harry Chathli, Claire Norbury              [phone] 
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July 12, 2023 02:00 ET (06:00 GMT)