21st Aug 2026 10:13
Springfield Properties PLC - Morayshire-based housebuilder in Scotland - Calls general meeting for September 10 to ask shareholders to approve a share buyback worth up to GBP13.3 million. Springfield says it plans to repurchase up to 6.0 million shares, but wants the flexibility to extend this to the board's full authority of 11.9 million shares. The authority was granted at Springfield's annual general meeting last year. The buyback could trigger the requirement for a mandatory takeover offer by major shareholders of Springfield, so the company also is asking shareholders to waive this requirement.
Current stock price: 111.75 pence, up 4.4% in London on Friday morning for GBP133.0 million market capitalisation
12-month change: up 14%
By Tom Waite, Alliance News editor
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