Last checked at 1 Oct 2018 10:53
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 |
Innes Smith | Chief Executive 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 |
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Sandy Adam, Executive Chairman Innes Smith, Chief Executive Officer | +44 1343 552550 |
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N+1 Singer |
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Shaun Dobson, James Moat, Rachel Hayes | +44 20 7496 3000 |
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Luther Pendragon |
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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/ 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 | Ordinary shares of 0.125 pence each ("Shares") | ||||
Identification code | GB00BF1QPG26 | |||||
b) | Nature of the transaction | Grant of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
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/ 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 | Ordinary shares of 0.125 pence each ("Shares") | ||||
Identification code | GB00BF1QPG26 | |||||
b) | Nature of the transaction | Grant of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A | ||||
e) | Date of the transaction | 01 October 2018 | ||||
f) | Place of the transaction | Off market | ||||