Springfield Properties PLC

Director's Dealing • Nov 8, 2017

National Storage Mechanism | Additional information

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RNS Number : 9725V

Springfield Properties PLC

08 November 2017

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)

Price(s)	Volume(s)
84.8p (exercise price)	21,226

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)

Price(s)	Volume(s)
84.8p (exercise price)	21,226

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

This information is provided by RNS

The company news service from the London Stock Exchange

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