Share Name Share Symbol Market Type Share ISIN Share Description
Springfield Properties Plc LSE:SPR London Ordinary Share GB00BF1QPG26 ORD 0.125P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 117.50 115.00 120.00 117.50 117.50 117.50 376 07:31:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 140.7 9.2 10.0 11.7 113

Springfield Properties PLC Appointment of Non-executive Director

16/09/2019 7:01am

UK Regulatory (RNS & others)


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Springfield Properties PLC

16 September 2019

16 September 2019

Springfield Properties plc

("Springfield" or the "Group")

Appointment of Non-executive Director

Springfield Properties (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces the appointment of Mr Colin Kenneth Rae as a Non-executive Director of the Group with immediate effect.

Mr Rae, aged 54, is a Chartered Quantity Surveyor with nearly 40 years' experience in the construction and housebuilding industries, specialising in project and development management. From 2002 to 2019, Mr Rae held leadership positions at Places for People ("PfP"), one of the largest development, regeneration, property management and leisure companies in the UK with an asset base of GBP4.5 billion. PfP designs, builds, and manages large-scale regeneration projects from start to finish, creating sustainable places where communities want to live.

Most recently, as Group Executive Development Director at PfP, he managed a UK-wide mixed tenure development programme of c. GBP200 million, delivering core housing assets for affordable and market rent and sale. This included the development of the 376-home Engine Yard site in Edinburgh, the largest single National Housing Trust development in Scotland. Prior to this, he was Project Director for Scotland, with responsibility for establishing and delivering PfP's strategic development programme in Scotland. In this role, he liaised with private sector partners, the Scottish Government and local authorities and, with a team of 25, achieved annual development turnover of GBP60 million within five years.

Previous experience includes project management roles at The EDI Group, a property development company wholly-owned by the City of Edinburgh Council, and Woolwich Homes Ltd, as well as surveyor positions at Millar Brown Associates and Gibson & Simpson.

Mr Rae is a long-term director of Homes for Scotland, the representative trade body for the housebuilding sector in Scotland, and is a former chair of Turning Point Scotland, a social care charity that provides residential rehabilitation services.

He is a Member of the Royal Institution of Chartered Surveyors (MRICS) and holds a BSc in Quantity Surveying from Napier University.

Sandy Adam, Executive Chairman of Springfield Properties plc, said: "We are very pleased to welcome Colin to the board of Springfield. He brings considerable industry experience and expertise in building large-scale development and regeneration projects across Scotland and the wider UK. Springfield has made great strides since listing on AIM in 2017 and the appointment of Colin compliments the skills of our existing directors, strengthening the board to reflect the enhanced scale of the business today and our plans for continued growth."

Other than as set out below, there are no other matters required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies as regards Mr Rae's appointment. Mr Rae does not hold any shares in the Group.

Regulatory disclosures:

 
 Current directorships/partnerships   Past directorships/partnerships 
 Colin Rae Development Solutions      Upper Strand Developments Limited 
  Ltd                                  The Engine Yard Edinburgh Limited 
  Homes for Scotland Ltd               Shrubhill Investments Limited 
                                       Places for People: Regulated 
                                       Board (a non-statutory entity) 
                                       Places for People Developments 
                                       Limited 
                                       Places for People Ventures Limited 
                                       Places for People Ventures Operations 
                                       Limited 
                                       Places for People Placemaking 
                                       & Regeneration Limited 
                                       ZeroC Group (2008) Limited 
                                       Zero C Holdings Limited 
                                       Allenbuild Limited 
                                       MDH (Group) Limited 
                                       Places Developments (Holdings) 
                                       Limited 
                                       Modular Wise Limited 
                                       Places for People Scotland Limited 
                                       ZeroC Acheson Consortium 
                                       Cornerstonezed Plymouth Limited 
                                       Lighthouse Court LLP 
                                       Cityscape LLP 
                                       Shrubhill NHT LLP 
                                       Brooklands Milton Keynes LLP 
                                       Shaping Aberdeen Housing LLP 
                                       Swedish by Design LLP 
                                     --------------------------------------- 
 

Enquiries:

 
 Springfield Properties 
 Sandy Adam, Executive Chairman 
  Innes Smith, Chief Executive Officer    +44 1343 552550 
                                         ----------------- 
 
 N+1 Singer 
                                         ----------------- 
 Shaun Dobson, James Moat (Corporate 
  Finance) 
  Rachel Hayes (Corporate Broking)        +44 20 7496 3000 
                                         ----------------- 
 
 Luther Pendragon 
                                         ----------------- 
 Harry Chathli, Claire Norbury, Alexis 
  Gore, Joe Quinlan                       +44 20 7618 9100 
                                         ----------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 16, 2019 02:01 ET (06:01 GMT)

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