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Last checked at 
8 Nov 2017 17:13
Springfield Properties plc
("Springfield" or "the Company")
PDMR Dealing
Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland offering private and affordable housing, announces the grant of options over ordinary shares of 0.125 pence ("Options") to PDMRs of the Company under its Save As You Earn (SAYE) scheme, as set out below. Upon admission of the Company's shares to trading on AIM ("Admission"), eligible employees were invited to subscribe for options over Springfield's ordinary shares of 0.125 pence each ("Ordinary Shares") with an exercise price of 84.8 pence, representing a 20% discount to the placing price of the Ordinary Shares on Admission.
The Options have a contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 1 June 2021. Further details of the SAYE scheme are set out in the Company's admission document dated 10 October 2017. A total of 334 employees elected to participate, and, pursuant to these elections, a total of 3,129,975 Options were granted on 8 November 2017, equating to 3.8% of the current issued share capital of 82,083,642 Ordinary Shares.
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 | Options over ordinary shares of 0.125 pence each | ||||
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 | 8 November 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 | Options over ordinary shares of 0.125 pence each | ||||
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 | 8 November 2017 | ||||
f) | Place of the transaction | Off market | ||||
Enquiries
Springfield Properties | |
Sandy Adam, Executive Chairman Innes Smith, Chief Executive Officer | +44 1343 552550 |
N+1 Singer | |
Shaun Dobson, James White | +44 20 7496 3000 |
Luther Pendragon | |
Harry Chathli, Claire Norbury, Alexis Gore | +44 20 7618 9100 |
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