Springfield Properties PLC - Scotland-focused housebuilder delivering private and affordable housing - Announces resignation of Michelle Motion as chief financial officer with immediate effect. Board commences a search for new CFO and will update market in due course. Finance Director Iain Logan assumes role of interim CFO, who has been at the firm for over three years.

Chair Sandy Adam says: ‘On behalf of the board and everyone at Springfield, I would like to thank Michelle for her contribution over the past nine years. During that period, we have become a public company and undertaken multiple acquisitions that have transformed the scale of our business.’

Current stock price: 78.00 pence, flat

12-month change: down 45%

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