10th Sep 2026 12:36
10 September 2026
Springfield Properties plc
("Springfield", the "Company" or the "Group")
Result of General Meeting
Over 99% approval for proposed share buyback programme
Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland, announces that at the general meeting of the Company, held earlier today, all resolutions were duly passed with an approval rating of 99.8%. This includes shareholder approval of a proposed share buyback programme in respect of ordinary shares of 0.125 pence each in the capital of the Company ("Ordinary Shares").
The Company intends to undertake a programme or programmes of on-market purchases of up to 5,957,372 Ordinary Shares, with flexibility to extend the purchases up to the full buyback authority limit of 11,904,240 Ordinary Shares (the "Buyback Programme").
A further announcement will be issued in due course confirming the formal launch of the Buyback Programme.
Details of the proxy voting results, which should be read alongside the Notice of General Meeting, are below:
Resolution | Votes for* | Votes against | Votes withheld | Total proxy votes | ||
No. of votes | % of votes cast** | No. of votes | % of votes cast** | No. of votes | ||
1 | 28,730,676 | 99.78 | 63,252 | 0.22 | 12,670 | 28,806,598 |
2 | 28,722,671 | 99.78 | 63,026 | 0.22 | 20,901 | 28,806,598 |
* Includes discretionary votes
**Excludes withheld votes
Enquiries
Springfield Properties | |
Sandy Adam, Chairman Innes Smith, Chief Executive Officer Iain Logan, Chief Financial Officer | +44 134 355 2550 |
Cavendish Capital Markets Limited | |
Neil McDonald Peter Lynch Hanna Leijonmarck | +44 131 220 9771 +44 131 220 9772 +44 20 7908 6029 |
Gracechurch Group | |
Harry Chathli Claire Norbury | +44 20 4582 3500 |
Analyst Research
Equity Development produces 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
Related Shares:
Springfield Pr.