Springfield Properties plc (AIM: SPR), a leading housebuilder operating in Scotland, has announced the purchase of 25,000 ordinary shares at 110.39 pence per share on 10 November 2026, as part of its share buyback programme launched on 16 September 2026. The transaction was executed through Cavendish Capital Markets Limited and the acquired shares will be held in treasury. Since the buyback programme began, Springfield has now repurchased a total of 383,888 ordinary shares in aggregate, all of which are held in treasury and carry no voting rights.

Key Points

  • Springfield Properties plc (AIM: SPR) — Scottish housebuilder listed on AIM
  • 25,000 ordinary shares purchased on 10 November 2026 at a fixed price of 110.39 pence per share via Cavendish Capital Markets Limited
  • Total shares held in treasury now stand at 383,888; total voting rights denominator is 119,202,360 ordinary shares
  • Investors should watch for further buyback transactions under the programme announced on 16 September 2026

Springfield Properties Executes Single Block Purchase of 25,000 Shares at 110.39p

The announcement confirms that all 25,000 ordinary shares were acquired in a single transaction on the London Stock Exchange (XLON) at 09:06:11 on 10 November 2026, at a uniform price of 110.39 pence per share. The highest, lowest, and volume weighted average price paid were all recorded at 110.39 pence, indicating the entire purchase was completed in one execution. Each ordinary share carries a nominal value of 0.125 pence. The transaction was conducted on the company's behalf by Cavendish Capital Markets Limited, which also serves as Springfield's nominated adviser and broker.

Treasury Share Position and Voting Rights Denominator Following the Purchase

Following the 10 November 2026 transaction, Springfield Properties has 119,586,248 ordinary shares in issue in total, of which 383,888 are held in treasury. Treasury shares attract no voting rights under applicable regulations. The total number of voting rights, excluding treasury shares, now stands at 119,202,360. The company has stated that this figure should be used by shareholders and others with notification obligations as the denominator when calculating whether they are required to disclose interests or changes to interests under the Financial Conduct Authority's Disclosure and Transparency Rules.

383,888 Shares Repurchased in Aggregate Since September 2026 Buyback Launch

Springfield Properties launched its current buyback programme on 16 September 2026, and the latest purchase brings the total number of ordinary shares repurchased under that programme to 383,888 in aggregate. All repurchased shares are held in treasury. The buyback programme represents a capital allocation decision by the Scotland-focused housebuilder, whose operations are concentrated in the Scottish residential property market. Investors monitoring the programme may note the pace of repurchases and the remaining capacity under the original buyback authorisation, though the company did not disclose the total programme size or budget in this announcement.

Market Abuse Regulation Compliance Underpins Springfield's Buyback Disclosure

The announcement was made in accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 as it applies in the UK, commonly referred to as the Market Abuse Regulation. This regulatory framework requires companies conducting buyback programmes to disclose detailed individual trade data, including share volumes, transaction prices, timestamps, and trading venues. Springfield's disclosure of a single trade at XLON at 09:06:11 satisfies these requirements. The company's chairman is Sandy Adam, its chief executive is Innes Smith, and its chief financial officer is Iain Logan. Public relations support is provided by Gracechurch Group.