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RNS Number : 7747X

First Property Group PLC

28 November 2017

 
 Date:        28 November 2017 
 On behalf    First Property Group plc ("First 
  of:          Property", "the Company" or the "Group") 
 Embargoed:   Immediate release

First Property Group plc

Director / PDMR shareholding

First Property Group plc (AIM: FPO), the property fund manager and investor, was notified that Jeremy Barkes, a person discharging managerial responsibilities (PDMR), has acquired 70,350 ordinary shares ("Ordinary Shares") at an average price of 50.90 pence. Following this transaction, Jeremy Barkes's beneficial interest in the Company has increased to 1,263,606 Ordinary Shares, representing 1.09 per cent. of the total issued share capital of the Company.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  -------------------------------------------------------- 
 a)    Name                       Jeremy Barkes 
----  -------------------------  ----------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------- 
 a)    Position/status            PDMR 
----  -------------------------  ----------------------------- 
 b)    Initial notification       Initial notification 
        /Amendment 
----  -------------------------  ----------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  -------------------------------------------------------- 
 a)    Name                       First Property Group plc 
----  -------------------------  ----------------------------- 
 b)    LEI                        213800O4C71RSRQVHH77 
----  -------------------------  ----------------------------- 
 4     Details of the transaction(s): section 
        to be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  -------------------------------------------------------- 
 a)    Description of 
        the financial               Ordinary shares of 1p each 
        instrument, type 
        of instrument 
                                    ISIN : GB0004109889 
        Identification 
        code 
----  -------------------------  ----------------------------- 
 b)    Nature of the              Acquisition of shares 
        transaction 
----  -------------------------  ----------------------------- 
 c)    Price(s) and                 Price(s)   Volume(s) 
        volume(s)                   ---------  ---------- 
                                     51.275p    3,572 
                                    ---------  ---------- 
                                     51.425p    20,850 
                                    ---------  ---------- 
                                     50.625p    45,928 
                                    ---------  ---------- 
----  -------------------------  ----------------------------- 
       Aggregated information 
 
        - Aggregated 
        volume                      70,350 
 
 d)     - Price                     50.895p 
----  -------------------------  ----------------------------- 
 e)    Date of the transaction    24 November 2017 and 28 
                                   November 2017 
----  -------------------------  ----------------------------- 
 f)    Place of the               London Stock Exchange (XLON) 
        transaction 
----  -------------------------  -----------------------------

-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                             Tel: 020 7382 4747 
 Robin Tozer / Henry Columbine       firstproperty@redleafpr.com

Notes to investors and editors:

First Property Group plc is an award winning property fund manager and investor with operations in the United Kingdom and Central Europe. Around one third of the shares in the Company are owned by management and their families.

Its focus is on higher yielding commercial property with sustainable cash flows. The company is flexible and takes an active approach to asset management. 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. FPAM currently manages twelve funds which are invested across the United Kingdom, Poland and Romania.

-- Group Properties - principal investments by the Group, to earn a return on its own capital, usually in partnership with third parties. Investments include ten directly held properties in Poland and Romania (including five held by Fprop Opportunities plc [FOP], in which the Group is currently the majority shareholder), and non-controlling interests in nine other funds managed by FPAM.

Listed on AIM the Company has offices in London, Warsaw and Bucharest. 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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(END) Dow Jones Newswires

November 28, 2017 12:12 ET (17:12 GMT)

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