TIDMSPR

RNS Number : 5230C

Springfield Properties PLC

01 October 2018

1 October 2018

Springfield Properties plc

("Springfield" or the "Company")

Grant of Options

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces that, on 1 October 2018, the Company granted options over ordinary shares of 0.125 pence each in the capital of the Company ("Options") to certain PDMRs, pursuant to the 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            257,142 
                   ------------------  -------- 
 Michelle Motion    Finance Director    129,795 
                   ------------------  --------

All Options are exercisable at a price of 122.5 pence, being the closing share price on 28 September 2018, 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.

For further information, please contact:

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

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 of               Ordinary shares of 0.125 pence each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB00BF1QPG26 
        code 
----  --------------------------  ------------------------------------------------ 
  b)   Nature of the                Grant of Options 
        transaction 
----  --------------------------  ------------------------------------------------ 
  c)   Price(s) and volume(s)           Price(s)        Volume(s) 
                                     122.5p (exercise 
                                           price)         257,142 
                                    ------------------  ---------- 
----  --------------------------  ------------------------------------------------ 
  d)    Aggregated information 
          *    Aggregated volume      N/A 
 
 
          *    Price 
----  --------------------------  ------------------------------------------------ 
  e)   Date of the transaction     01 October 2018 
----  --------------------------  ------------------------------------------------ 
  f)   Place of the transaction    Off market 
----  --------------------------  ------------------------------------------------ 
 
 
  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 of               Ordinary shares of 0.125 pence each ("Shares") 
        the financial 
        instrument, type 
        of instrument 
---- 
       Identification               GB00BF1QPG26 
        code 
----  --------------------------  ------------------------------------------------ 
  b)   Nature of the               Grant of Options 
        transaction 
----  --------------------------  ------------------------------------------------ 
  c)   Price(s) and volume(s)           Price(s)        Volume(s) 
                                     122.5p (exercise 
                                           price)         129,795 
                                    ------------------  ---------- 
----  --------------------------  ------------------------------------------------ 
  d)    Aggregated information 
          *    Aggregated volume      N/A 
 
 
          *    Price 
----  --------------------------  ------------------------------------------------ 
  e)   Date of the transaction     01 October 2018 
----  --------------------------  ------------------------------------------------ 
  f)   Place of the transaction    Off market 
----  --------------------------  ------------------------------------------------

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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October 01, 2018 05:53 ET (09:53 GMT)

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