First Property Group PLC Director/PDMR Shareholding (2183R)
September 20 2017 - 2:01AM
UK Regulatory
TIDMFPO
RNS Number : 2183R
First Property Group PLC
20 September 2017
Date: 20 September 2017
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700 hours
First Property Group plc
Director's Shareholding and Ordinary Shares in Issue
The Board of First Property Group plc (AIM:FPO) announces that
the Company has issued from Treasury 11,765 Ordinary Shares of one
pence each in the Company to Mr Peter Moon, a non-executive
Director, in satisfaction of part of his emoluments for the six
months ended 30 April 2017.
Under the terms of his appointment Mr Moon receives 40% of his
emoluments (GBP12,000 was the relevant annual value to 30 April
2017), in Ordinary Shares based on the average closing price of the
Company's Ordinary Shares for the five day period following the
announcement of the half year and annual results. In this case the
average closing mid-price per Ordinary Share for the five business
days between 9 June 2017 and 15 June 2017, adjusted for the final
dividend, was 51.00 pence. A similar announcement is expected in
February 2018 following the publication of the Group's interim
results.
As a result of this allotment of shares, Mr Moon's shareholding
in the Company is 433,937 Ordinary Shares, which equates to 0.37%
of the issued Ordinary Share capital.
Following the sale from Treasury, the Company has 116,004,464
Ordinary Shares in issue. The figure of 116,004,464 Ordinary Shares
may be used by shareholders as the denominator for calculations by
which to determine if they are required to notify their interest
in, or a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules. 596,651 Ordinary Shares remain
in Treasury.
-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)
Ben Cryer (Corporate Finance)
Redleaf Communications (PR) Tel:+ 44 (20)
7382 4730
Robin Tozer / Elisabeth Cowell firstproperty@redleafpr.com
Notes to Investors and Editors:
First Property Group plc is an award winning property fund
manager and investor with operations in the United Kingdom and
Central Europe. Around one third of the shares in the Company are
owned by management and their families.
Its focus is on higher yielding commercial property with
sustainable cash flows. The company is flexible and takes an active
approach to asset management. 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. FPAM currently
manages eleven funds which are invested across the United Kingdom,
Poland and Romania.
-- Group Properties - principal investments by the Group, to
earn a return on its own capital, usually in partnership with third
parties. Investments include ten directly held properties in Poland
and Romania (including five held by Fprop Opportunities plc [FOP],
in which the Group is currently the majority shareholder), and
interests in nine other funds managed by FPAM.
Listed on AIM the Company has offices in London and Warsaw.
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
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