First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (1273K)
September 19 2016 - 02:01AM
UK Regulatory
TIDMFPO
RNS Number : 1273K
First Property Group PLC
19 September 2016
Date: 19 September 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 12,929 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 2016.
Under the terms of his appointment Mr Moon receives 40% of his
emoluments (GBP11,000 was the relevant annual value to 31 March
2016, GBP12,000 from 1 April 2016), 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 10 June 2016 and 16 June
2016 was 43.185 pence. A similar announcement is expected in
January 2017 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 409,513 Ordinary Shares, which equates to 0.35%
of the enlarged issued Ordinary Share capital.
Following the sale from Treasury, the Company has in issue
115,980,040 Ordinary Shares.
The figure of 115,980,040 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. 621,075 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 4734
Rebecca Sanders-Hewett / firstproperty@redleafpr.com
Henry Columbine / Susie Hudson
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 rank No.1 versus MSCI's Investment Property Databank
(IPD) Central & Eastern Europe (CEE) Benchmark for the ten
years from the commencement of its operations in Poland in 2005 to
31 December 2015, and for the annualised periods from 2005 to the
end of each of the years between 31 December 2008 and 31 December
2015.
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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