First Property Group PLC AGM Statement (8748Z)
September 23 2015 - 2:00AM
UK Regulatory
TIDMFPO
RNS Number : 8748Z
First Property Group PLC
23 September 2015
Date: 23 September 2015
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
First Property Group plc
AGM Statement
First Property Group plc (AIM: FPO), the property fund manager
and investor, will hold its Annual General Meeting (AGM) today at
12 noon.
At the AGM, the Company's Chairman, Alasdair Locke, will make
the following statement:
"The Company continues to trade well and in line with
expectations.
"Our aggregate funds under management, including those held by
the Group, stood at GBP271 million on 31 August 2015, compared to
GBP327 million at our financial year end on 31 March 2015. The
reduction is principally attributable to the expiry in August of
our fund management contract with Universities Superannuation
Scheme (USS).
"We plan to report interim results on Thursday 26 November
2015."
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20)
7340 0270
Ben Habib (Chief Executive www.fprop.com
Officer) investor.relations@fprop.com
George Digby (Group Finance
Director)
Jeremy Barkes (Director,
Business Development)
Arden Partners (NOMAD & Broker) Tel: + 44 (20)
7614 5900
Chris Hardie (Director, Corporate
Finance)
Michael McNeilly (Corporate
Finance)
Redleaf Communications (PR) Tel:+ 44 (20)
7382 4734
Richard Gotla / Henry Columbine firstproperty@redleafpr.com
Notes to investors and editors:
First Property Group plc is a property fund manager and investor
with operations in the United Kingdom and Central Europe. Its
earnings are derived from:
-- Fund management - via its FCA regulated and AIFMD approved
subsidiary, First Property Asset Management Ltd (FPAM), which earns
fees from investing for third parties in property in the UK and
Central Europe (mainly Poland);
-- Group Properties - principal investments by the Group, currently comprising:
o Six directly owned properties in Poland and Romania;
o Five properties in Poland held by Fprop Opportunities plc
(FOP), an FPAM managed fund in which the Group is a 76.2%
shareholder;
o Non-controlling interests in four other funds managed by
FPAM.
FPAM funds have ranked No.1 versus the Investment Property
Databank (IPD) Central & Eastern Europe (CEE) universe for the
annualised periods from the commencement of its operations in
Poland in 2005 to the end of each of the years between 31 December
2008 and 31 December 2014.
First Property Asset Management Limited is authorised and
regulated by the Financial Conduct Authority. Further information
about the Company and its products can be found at:
www.fprop.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMSEIFMEFISEEU
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