Springfield Properties PLC Director Shareholding

RNS Number : 5631V

Springfield Properties PLC

08 July 2024

 

8 July 2024

 

Springfield Properties plc

("Springfield" or the "Company")

 

Director Shareholding

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that, on 4 July 2024, Sandy Adam, Chairman, transferred 5,000,000 ordinary shares of 0.125 pence each in the Company ("Ordinary Shares") to his son Gordon Adam  and 5,000,000 Ordinary Shares to his son Scott Adam at nil cost.

 

Following this transfer, the beneficial shareholding¹ of Sandy Adam has reduced from 37,663,019 Ordinary Shares, representing 31.7% of the issued share capital, to 27,663,019 Ordinary Shares in the Company, representing 23.3% of the issued share capital. The total resultant interest of the Concert Party remains unchanged.

 

¹ Includes the holdings of Anne Adam, The Adam Settlement (of which Sandy Adam's sons are beneficiaries) and AW Adam Liferent Trust (of which Sandy Adam is a beneficiary).

 

 

Enquiries

 

Springfield Properties
Sandy Adam, Chairman Innes Smith, Chief Executive Officer Iain Logan, Chief Financial Officer	[phone]
Singer Capital Markets
Shaun Dobson, James Moat, Oliver Platts (Investment Banking)	[phone]
Gracechurch Group
Harry Chathli, Claire Norbury, Henry Gamble	[phone]

 

Analyst Research

 

Equity Development and Progressive Equity produce 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

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sandy Adam
2	Reason for the notification
a)	Position/status	Chairman
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 Identification code	Ordinary shares of 0.125 pence each GB00BF1QPG26
b)	Nature of the transaction	Transfer of Ordinary Shares for nil consideration to: 1.    Gordon Adam; and 2.    Scott Adam
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. Nil 5,000,000 2. Nil 5,000,000
d)	Aggregated information - Aggregated volume - Price	Price(s) Volume(s) Nil 10,000,000
e)	Date of the transaction	4 July 2024
f)	Place of the transaction	Off market transfer

 

 

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END

 

 

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