Springfield Properties PLC Exercise of Options, Issue of Equity and TVR (1749L)

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RNS Number : 1749L

Springfield Properties PLC

01 September 2023

1 September 2023

Springfield Properties plc

("Springfield" or the "Company")

Exercise of Options, Issue of Equity and Total Voting Rights

Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that on 31 August 2023, a former employee of the Company exercised options over 5,679 ordinary shares of 0.125 pence each in the Company ("Ordinary Shares").

Total Voting Rights

Application has been made to the London Stock Exchange for the 5,679 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8:00 a.m. on or around 7 September 2023. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.

Following Admission, the total number of Ordinary Shares in issue is 118,520,229. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

 
 Springfield Properties 
 Sandy Adam, Chairman 
  Innes Smith, Chief Executive 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              +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

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(END) Dow Jones Newswires

September 01, 2023 10:30 ET (14:30 GMT)

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