First Property Group PLC Exercise of Options and Total Voting Rights (5338N)
January 29 2016 - 12:26PM
UK Regulatory
TIDMFPO
RNS Number : 5338N
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: Immediate release
First Property Group plc
Exercise of Options and Total Voting Rights
First Property Group plc (AIM: FPO), the property fund manager
and investor, was notified on 28 January 2016 that Ben Habib, Group
Chief Executive and George Digby, Group Finance Director, have
respectively exercised 500,000 and 1,000,000 options over Ordinary
shares, granted pursuant to the First Property Group Share Option
Scheme, at an exercise price of 15.75p pence per Ordinary share. In
addition Martin Pryce, a director of First Property Asset
Management Ltd, exercised 250,000 options over Ordinary shares,
also granted pursuant to the First Property Group share option
scheme, at an exercise price of 15.75p per Ordinary share.
Ben Habib has sold all the Ordinary shares allotted to him
following the exercise of his options, at a price of 50 pence per
Ordinary share. George Digby and Martin Pryce have sold 650,000
Ordinary shares and 100,000 Ordinary shares respectively, also at a
price of 50 pence per Ordinary share.
Following these transactions, Ben Habib's total shareholding in
the Company remains unchanged at 16,700,000 Ordinary shares,
representing 14.4% of the Ordinary shares in issue. George Digby's
total shareholding in the Company has increased from 270,000 to
620,000 Ordinary shares, representing 0.5% of the Ordinary shares
in issue. The number of outstanding share options over Ordinary
shares has reduced to 2,700,000.
In order to satisfy this exercise of options, 1,750,000 new
Ordinary shares were issued which will be admitted to AIM on 4
February 2016, resulting in the total number of issued and fully
paid Ordinary shares increasing to 116,601,115. The figure of
115,967,111 Ordinary shares should be used by shareholders as the
denominator for calculations by which to determine if they are
required to notify their interest, or a change in their interest,
in the Ordinary share capital of First Property Group plc under the
Financial Conduct Authority's Disclosure and Transparency rules.
634,004 Ordinary shares remain in Treasury.
-Ends-
For further information please contact:
First Property Group plc Tel: 020 7340 0270
Ben Habib (Chief Executive www.fprop.com
& Chief Investment Officer)
George Digby (Group Finance
Director)
Jeremy Barkes (Director, Business
Development)
Arden Partners Tel: 020 7614 5900
Chris Hardie / Benjamin Cryer
Redleaf Polhill Tel: 020 7382 4747
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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