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LONDON - Springfield Properties (LON:SPRSP) plc (AIM: SPR), a prominent Scottish housebuilder, has applied for a block admission of 207,525 new ordinary shares to be traded on the AIM market of the London Stock Exchange (LON:LSEG). The shares, each with a nominal value of 0.125 pence, will be issued as a result of share options exercised under the company’s Performance Share Plan.
The new shares, once issued, will be fully paid and will rank equally with the existing ordinary shares. The expected effective date for the admission of the new shares is 8:00 a.m. on February 5, 2025.
After the admission, Springfield’s issued share capital will remain at 118,873,637 ordinary shares. The company has not disclosed any further details regarding the specific timing or allocation of the shares to be issued under this block listing.
Springfield Properties is recognized for its focus on both private and affordable housing sectors in Scotland. The company’s management team, including Chairman Sandy Adam, CEO Innes Smith, and CFO Iain Logan, can be contacted for further inquiries through the provided contacts.
The announcement also mentions that equity research firms Equity Development and Progressive Equity offer freely available research on Springfield Properties, including financial forecasts, which interested parties can access online.
This information is based on a press release statement from Springfield Properties and is intended to provide factual details about the company’s block listing application without any endorsement of the claims.
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