First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (6047B)
October 08 2015 - 2:00AM
UK Regulatory
TIDMFPO
RNS Number : 6047B
First Property Group PLC
08 October 2015
Date: 8 October 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 13,371 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 30 April 2015.
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 12
June 2015 and 18 June 2015, following the Company's Preliminary
results, was 41.13 pence. A similar announcement is expected in
February 2016 following the publication of the Group's half year
results.
As a result of this allotment of shares, Mr Moon's shareholding
in the Company is 385,385 Ordinary Shares, which equates to 0.34%
of the enlarged issued Ordinary Share capital.
Following the sale from Treasury, the Company has in issue
114,205,912 Ordinary Shares. The figure of 114,205,912 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. 645,203 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)
Benjamin Cryer (Corporate
Finance)
Redleaf Communications (PR) Tel:+ 44 (20)
7382 4730
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
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