TIDMSPR

RNS Number : 8879P

Springfield Properties PLC

15 June 2020

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 GBP1 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 40,990,120(1) 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 
 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                   Initial Notification 
        /Amendment 
      -------------------------------------  -------------------------------------------- 
 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                     Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                    GB00BF1QPG26 
 
 b)    Nature of the transaction              Sale of Ordinary Shares 
      -------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                              ----------------------  ----------------- 
                                               Price(s)                Volume(s) 
                                              ----------------------  ----------------- 
    94.5 pence                                                         1,058,202 
   -----------------------------------------------------------------  ----------------- 
 
 d)    Aggregated information 
   n/a 
  - Aggregated volume 
 
  - Price 
 
 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                     Initial Notification 
        /Amendment 
      ---------------------------------------  --------------------------------------------- 
 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                       Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BF1QPG26 
 
 b)    Nature of the transaction                Transfer of Ordinary Shares to members 
                                                 of his family 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
    n/a                                                                2,560,000 
   -----------------------------------------------------------------  -------------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 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                     Initial Notification 
        /Amendment 
      ---------------------------------------  -------------------------------------------- 
 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                       Ordinary shares of 0.125 pence each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BF1QPG26 
 
 b)    Nature of the transaction                Receipt of Ordinary Shares from the 
                                                 Executive Chairman 
      ---------------------------------------  -------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  ------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  ------------------- 
    n/a                                                                800,000 
   -----------------------------------------------------------------  ------------------- 
 
 d)    Aggregated information 
   n/a 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  12 June 2020 
      ---------------------------------------  -------------------------------------------- 
 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 Moat (Corporate 
  Finance) 
  Rachel Hayes (Corporate Broking)        +44 20 7496 3000 
                                         ----------------- 
 
 Luther Pendragon 
                                         ----------------- 
 Harry Chathli, Claire Norbury, Alexis 
  Gore, Joe Quinlan                       +44 20 7618 9100 
                                         ----------------- 
 

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END

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June 15, 2020 02:00 ET (06:00 GMT)

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