The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSpringfield Pr. Regulatory News (SPR)

Share Price Information for Springfield Pr. (SPR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 96.00
Bid: 95.00
Ask: 97.00
Change: 0.00 (0.00%)
Spread: 2.00 (2.105%)
Open: 96.00
High: 96.50
Low: 96.00
Prev. Close: 96.00
SPR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Grant of performance share awards

1 Nov 2023 09:44

RNS Number : 0423S
Springfield Properties PLC
01 November 2023
 

 1 November 2023

 

Springfield Properties plc

 

("Springfield" or the "Company")

 

Grant of performance share awards

 

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that, on 30 October 2023, the Company granted awards over ordinary shares of 0.125 pence each in the capital of the Company ("Awards") to certain PDMRs, pursuant to the Company's Performance Share Plan (the "PSP") that was originally established in January 2020. Details of these Awards are set out below:

 

 

Name

Role

No. of shares over which Awards granted

Innes Smith

Chief Executive Officer

427,995

Iain Logan

Chief Financial Officer

225,849

 

No consideration was paid for the grant of the Awards, which have been structured as "nominal cost" options.

 

The Awards will normally vest on the third anniversary of grant but only if, and to the extent that, certain performance conditions are satisfied. These conditions (which have been set by the Remuneration Committee of the Company and will be assessed following the end of the financial year to 31 May 2026) relate to the achievement of specified targets applicable to earnings per share (75% weighting) and the Company's net debt / total assets gearing (25% weighting). Vesting will also normally be dependent on the continued employment of the participant within the Company's group.

 

Once the Awards have vested, they will generally be available to be exercised until the tenth anniversary of their original grant. On any such exercise, additional "dividend equivalent" entitlements may also be paid to the relevant individuals.

 

Further information about the overall structure of the PSP can be found in the Company's annual report and financial statements.

 

Enquiries

 Springfield Properties

Sandy Adam, Chairman

Innes Smith, Chief Executive Officer

Iain Logan, Chief Financial Officer

+44 1343 552550

Singer Capital Markets

Shaun Dobson, James Moat, Oliver Platts

+44 20 7496 3000

Gracechurch Group

Harry Chathli, Claire Norbury

+44 20 4582 3500

 

 

 

Analyst Research

 

Equity Development and Progressive Equity produce freely available research on Springfield Properties plc, including financial forecasts. This is available to view and download here:

https://www.thespringfieldgroup.co.uk/news/updates-and-analyst-reports

 

 

 

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1. Innes Smith

2. Iain Logan

2

Reason for the notification

a)

Position/status

1. Chief Executive Officer

2. Chief Financial 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 awards (in the form of nominal cost options) over Shares pursuant to the Springfield Properties plc Performance Share Plan

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

1.

0.125 pence (exercise price)

427,995

2.

0.125 pence (exercise price)

225,849

d)

Aggregated information

- Aggregated volume

- Price

 

1. N/A single transaction

2. N/A single transaction

e)

Date of the transaction

2023-10-30

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUAOKROWUARRA
Date   Source Headline
27th Feb 201910:30 amRNSInterim Dividend Timetable
26th Feb 20197:00 amRNSInterim Results
1st Feb 20197:00 amRNSAcquisition of Walker Group
17th Dec 20187:00 amRNSTrading Update
13th Dec 20187:00 amRNSSpringfield wins Best New Share Plan
2nd Oct 20185:02 pmRNSAnnual Report and Notice of AGM
1st Oct 201810:53 amRNSGrant of Options
18th Sep 20187:00 amRNSAnnual Results
30th Jul 20187:00 amRNSStrategic land deal for 1,900-home site
16th Jul 20187:00 amRNSTrading Update
1st Jun 20187:00 amRNSNon-executive Director Appointment
22nd May 20185:01 pmRNSHolding(s) in Company
21st May 20181:34 pmRNSResult of General Meeting
2nd May 20189:00 amRNSAcquisition of Dawn Homes and Placing
28th Feb 20184:22 pmRNSInterim Results
23rd Feb 20184:45 pmRNSHolding(s) in Company
20th Feb 20187:00 amRNSInterim Results
2nd Feb 20187:00 amRNSNotice of Results
19th Dec 20177:00 amRNSTrading Update
8th Nov 20175:13 pmRNSPDMR Dealing
18th Oct 201711:39 amRNSPDMR Shareholding
16th Oct 20171:43 pmRNSGrant of Options
16th Oct 20178:00 amRNSAdmission to AIM and First Day of Dealings

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.