First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (2141E)
February 06 2015 - 2:00AM
UK Regulatory
TIDMFPO
RNS Number : 2141E
First Property Group PLC
06 February 2015
Date: 6 February 2015
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
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 23,181 Ordinary Shares of one
pence each in the Company ("Ordinary Shares") to Mr Peter Moon, a
non-executive Director, in satisfaction of part of his emoluments
for the six months ended 31 October 2014.
Under the terms of his appointment Mr Moon is due to receive 40%
of his emoluments, equating to GBP11,000 annually, 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 26
November 2014 and 2 December 2014, following the Company's Interim
results, was 31.8 pence. This payment also includes the payment of
an additional 5,885 shares in recognition of missed dividend
payments arising from the time lag between the measurement period
and the issue date of the new shares, dating back to the
commencement of Mr Moon's appointment in 2010. A similar
announcement is expected in September 2015 following the
publication of the Group's Final Results.
As a result of this allotment of shares, Mr Moon's shareholding
in the Company is 372,014 Ordinary Shares, which equates to 0.33%
of the enlarged issued Ordinary Share capital.
Following the sale from Treasury, the Company has in issue
113,792,541 Ordinary Shares. The figure of 113,792,541 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. 1,058,574
Ordinary Shares remain in Treasury.
-Ends-
For further information please contact:
First Property Group plc Tel: 020 7340 0270
Ben Habib (Chief Executive
& Chief Investment Officer)
George Digby (Group Finance
Director)
Jeremy Barkes (Director, Business investor.relations@fprop.com
Development)
Arden Partners Tel: 020 7614 5900
Chris Hardie (Director, Corporate
Finance)
Michael McNeilly (Corporate
Finance)
Redleaf Polhill Tel: 020 7382 4763
George Parrett / Henry Columbine firstproperty@redleafpr.com
Notes to investors and editors:
First Property Group plc is a property fund manager with
operations in the United Kingdom and Central Europe. Its business
model is to:
-- Raise third party funds to invest in income producing commercial property;
-- Co-invest in these funds and thereby earn a return on its own capital invested; and
-- Earn fees from the management of these funds. Fees earned are
typically a function of the value of assets under management as
well as the performance of the funds.
The investment performance of its funds under management in
Poland and in Central Europe ranked No.1 versus the Investment
Property Databank (IPD) universe for Central & Eastern Europe
(CEE) over the eight years to 31 December 2013, having previously
ranked No.1 versus the IPD CEE universe over the three, four, five,
six and seven years to 31 December 2008, 2009, 2010, 2011 &
2012 respectively.
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
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