Last checked at 15 Jun 2020 07:00
15 June 2020
Springfield Properties plc
("Springfield" or the "Company")
Director/PDMR Shareholding
Sir Angus Grossart increases holding in Springfield Properties plc
Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland delivering private and affordable housing, announces that Sir Angus Grossart QC, a prominent Scottish businessman, has purchased from The Adam Settlement Trust, a trust in which Mr Sandy Adam (Executive Chairman of the Company) is interested, 1,058,202 ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares") at a price of 94.5 pence per Ordinary Share, for a total purchase price of £1 million. This increases the interest of Sir Angus Grossart, a non-PDMR of the Company, to 2,362,400 Ordinary Shares, representing approximately 2.41% of the issued share capital of the Company.
In addition, The Adam Settlement Trust has transferred 2,560,000 Ordinary Shares to members of Mr Adam's family. Following these transactions, Mr Adam holds 40,990,1201 Ordinary Shares, representing approximately 41.9% of the issued share capital of the Company.
1 Includes the holdings of Anne Adam, and The Adam Settlement Trust of which Sandy Adam's sons are beneficiaries.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| The Adam Settlement Trust, Sandy Adam | |||
2
| Reason for the notification
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a)
| Position/status
| PCA of Sandy Adam, Executive 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 | Ordinary shares of 0.125 pence each | |||
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Identification code | GB00BF1QPG26 | ||||
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b)
| Nature of the transaction
| Sale of Ordinary Shares
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c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| 94.5 pence | 1,058,202 |
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d)
| Aggregated information |
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| n/a | ||||
- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 12 June 2020 | |||
f)
| Place of the transaction
| Off market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| The Adam Settlement Trust, Sandy Adam | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PCA of Sandy Adam, Executive 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 | Ordinary shares of 0.125 pence each | |||
|
| ||||
Identification code | GB00BF1QPG26 | ||||
|
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b)
| Nature of the transaction
| Transfer of Ordinary Shares to members of his family | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| n/a | 2,560,000 |
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d)
| Aggregated information | n/a | |||
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- Aggregated volume |
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- Price |
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e)
| Date of the transaction
| 12 June 2020 | |||
f)
| Place of the transaction
| Off market | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Anne Adam | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PCA of Sandy Adam, Executive 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 | Ordinary shares of 0.125 pence each | |||
|
| ||||
Identification code | GB00BF1QPG26 | ||||
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b)
| Nature of the transaction
| Receipt of Ordinary Shares from the Executive Chairman | |||
c)
| Price(s) and volume(s) |
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| Price(s) | Volume(s) |
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| n/a | 800,000 |
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d)
| Aggregated information |
| |||
| n/a | ||||
- Aggregated volume |
| ||||
|
| ||||
- Price |
| ||||
|
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e)
| Date of the transaction
| 12 June 2020 | |||
f)
| Place of the transaction
| Off market | |||
Enquiries
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 (Corporate Finance) Rachel Hayes (Corporate Broking) | +44 20 7496 3000 |
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Luther Pendragon |
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Harry Chathli, Claire Norbury, Alexis Gore, Joe Quinlan | +44 20 7618 9100 |