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First Property Group - Director/PDMR Shareholding

RNS Number : 5646E
First Property Group PLC
04 July 2019
 

Date:

4 July 2019

On behalf of:

First Property Group plc ("First Property", "the Company" or the "Group")

Embargoed

Immediate release

 

First Property Group plc

Director's Holding

First Property Group plc (AIM: FPO) announces that it has received notification from Thaddeus Ltd, a company in which Mr. Ben Habib, Chief Executive Officer of First Property used to have a beneficial interest in 75% of its shares, that it has transferred 1,075,000 ordinary shares of 1 pence each ("Ordinary Shares") to Legatum, a company in which Mr Habib is the sole beneficial shareholder. The shares were transferred at a price of 50 pence per share.

Following this transfer Mr. Habib's total beneficial holding in First Property Group plc remains unchanged at 14,450,000 Ordinary Shares representing 12.98% of the issued ordinary share capital of the Company.

 

-Ends-

 

For further information please contact:

 

First Property Group plc         

Tel: +44 (20) 7340 0270

Ben Habib (Chief Executive Officer)

George Digby (Group Finance Director)

Jeremy Barkes (Director, Business Development)

www.fprop.com

[email protected]



Arden Partners (NOMAD & Broker)

Tel: + 44 (20) 7614 5900

John Llewellyn-Lloyd (Director, Corporate Finance)

Ben Cryer (Corporate Finance)




Newgate Communications (PR)

Tel:+ 44 (20) 3757 6880

Robin Tozer / Fiona Norman / Tom Carnegie

[email protected]

 

 

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. It has grown its adjusted net assets, together with dividends paid, by some 26% on an annualised basis since 2006.

 

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 thirteen 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 comprise nine wholly owned properties in Poland and Romania and non-controlling interests in nine of the thirteen funds managed by FPAM.

 

Listed on AIM the Company has offices in London, Warsaw and Bucharest. Around one third of the shares in the Company are owned by management and their families. Further information about the Company and its products can be found at: www.fprop.com.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: First Property Group PLC

Price: 31

Market: AIM
Market Cap: £34.22 m
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