Last checked at 16 Oct 2017 13:43
Springfield Properties plc
("Springfield" or the "Company")
Grant of Options
Springfield Properties plc (AIM:SPR) announces that, as set out in the Company's admission document dated 10 October 2017, on 16 October 2017 the Company granted options over ordinary shares of 0.125 pence each in the capital of the Company ("Options") to directors, pursuant to its newly established 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 | 236,320 |
Michelle Motion | Finance Director | 113,207 |
All Options are exercisable at a price of 106 pence, being the placing price paid by investors in connection with the Company's admission to AIM 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.
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 | 16 October 2017 | ||||
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 | 16 October 2017 | ||||
f) | Place of the transaction | Off market | ||||