TIDMSPR

RNS Number : 9725V

Springfield Properties PLC

08 November 2017

Springfield Properties plc

("Springfield" or "the Company")

PDMR Dealing

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces the grant of options over ordinary shares of 0.125 pence ("Options") to PDMRs of the Company under its Save As You Earn (SAYE) scheme, as set out below. Upon admission of the Company's shares to trading on AIM ("Admission"), eligible employees were invited to subscribe for options over Springfield's ordinary shares of 0.125 pence each ("Ordinary Shares") with an exercise price of 84.8 pence, representing a 20% discount to the placing price of the Ordinary Shares on Admission.

The Options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 1 June 2021. Further details of the SAYE scheme are set out in the Company's admission document dated 10 October 2017. A total of 334 employees elected to participate, and, pursuant to these elections, a total of 3,129,975 Options were granted on 8 November 2017, equating to 3.8% of the current issued share capital of 82,083,642 Ordinary Shares.

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                  Options over ordinary shares of 
        of the financial             0.125 pence each 
        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)                   -----------------  ---------- 
                                     84.8p (exercise 
                                          price)         21,226 
                                    -----------------  ---------- 
----  --------------------------  --------------------------------- 
  d)    Aggregated 
         information                  N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------- 
  e)   Date of the                 8 November 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                  Options over ordinary shares of 
        of the financial             0.125 pence each 
        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)                   -----------------  ---------- 
                                     84.8p (exercise 
                                          price)         21,226 
                                    -----------------  ---------- 
----  --------------------------  --------------------------------- 
  d)    Aggregated 
         information                 N/A 
          *    Aggregated volume 
 
 
          *    Price 
----  --------------------------  --------------------------------- 
  e)   Date of the                 8 November 2017 
        transaction 
----  --------------------------  --------------------------------- 
  f)   Place of the                Off market 
        transaction 
----  --------------------------  ---------------------------------

Enquiries

 
 Springfield Properties 
--------------------------------  ----------------- 
 Sandy Adam, Executive Chairman 
  Innes Smith, Chief Executive 
  Officer                          +44 1343 552550 
--------------------------------  ----------------- 
 
 N+1 Singer 
--------------------------------  ----------------- 
 Shaun Dobson, James White         +44 20 7496 3000 
--------------------------------  ----------------- 
 
 Luther Pendragon 
--------------------------------  ----------------- 
 Harry Chathli, Claire Norbury, 
  Alexis Gore                      +44 20 7618 9100 
--------------------------------  -----------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 08, 2017 12:13 ET (17:13 GMT)

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