First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (3732N)
January 29 2016 - 2:00AM
UK Regulatory
TIDMFPO
RNS Number : 3732N
First Property Group PLC
29 January 2016
Date: 29 January 2016
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 11,199 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 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 27
November 2015 and 3 December 2015, following the Company's interim
results, was 49.12 pence. A similar announcement is expected in
October 2016 following the publication of the Group's annual
results.
As a result of this allotment of shares, Mr Moon's shareholding
in the Company is 396,584 Ordinary Shares, which equates to 0.35%
of the enlarged issued Ordinary Share capital.
Following the sale from Treasury, the Company has in issue
114,217,111 Ordinary Shares. The figure of 114,217,111 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. 634,004 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 Polhill (PR) Tel:+ 44 (20)
7382 4734
Henry Columbine / Susie Hudson 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:
o Management fees are levied by reference to the value of
properties under management;
o Performance fees are levied where appropriate, usually payable
upon realisation of profits above an agreed hurdle.
-- Group Properties - principal investments by the Group, to
earn a return on its own capital, usually in partnership with third
parties.
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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