Springfield Properties PLC Director Shareholding
08 Juli 2024 - 5:03PM
RNS Regulatory News
RNS Number : 5631V
Springfield Properties PLC
08 July 2024
8 July 2024
Springfield Properties
plc
("Springfield" or
the "Company")
Director Shareholding
Springfield Properties plc (AIM:
SPR), a leading housebuilder in Scotland focused on delivering
private and affordable housing, announces that, on
4 July 2024, Sandy Adam,
Chairman, transferred 5,000,000 ordinary shares of 0.125 pence each
in the Company ("Ordinary
Shares") to his son Gordon Adam and 5,000,000 Ordinary
Shares to his son Scott Adam at nil cost.
Following this transfer, the
beneficial shareholding¹ of Sandy Adam has reduced from 37,663,019
Ordinary Shares, representing 31.7% of the issued share capital, to
27,663,019 Ordinary Shares in the Company, representing 23.3% of
the issued share capital. The total resultant interest of the
Concert Party remains unchanged.
1 Includes the
holdings of Anne Adam, The Adam Settlement (of which Sandy Adam's
sons are beneficiaries) and AW Adam Liferent Trust (of which Sandy
Adam is a beneficiary).
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
(Investment Banking)
|
+44 20 7496 3000
|
|
|
|
|
Gracechurch
Group
|
|
|
Harry Chathli, Claire Norbury, Henry
Gamble
|
+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
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Sandy Adam
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
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
Identification code
|
Ordinary shares of 0.125 pence
each
GB00BF1QPG26
|
|
b)
|
Nature of the transaction
|
Transfer of Ordinary Shares for nil
consideration to:
1. Gordon Adam;
and
2. Scott
Adam
|
|
c)
|
Price(s) and volume(s)
|
|
|
Price(s)
|
Volume(s)
|
|
1.
|
Nil
|
5,000,000
|
|
2.
|
Nil
|
5,000,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
10,000,000
|
|
|
e)
|
Date of the transaction
|
4 July 2024
|
|
f)
|
Place of the transaction
|
Off market transfer
|
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END
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