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First Property Group - Director's Shareholding & Ordinary Shares in Issue

RNS Number : 6047B
First Property Group PLC
08 October 2015
 

Date:

8 October  2015

On behalf of:

First Property Group plc ("First 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 13,371 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 30 April 2015.

 

Under the terms of his appointment Mr Moon is due to receive 40% of his emoluments, equating to £11,000 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 12 June 2015 and 18 June 2015, following the Company's Preliminary results, was 41.13 pence. A similar announcement is expected in February 2016 following the publication of the Group's half year results.

 

As a result of this allotment of shares, Mr Moon's shareholding in the Company is 385,385 Ordinary Shares, which equates to 0.34% of the enlarged issued Ordinary Share capital.

 

Following the sale from Treasury, the Company has in issue 114,205,912 Ordinary Shares. The figure of 114,205,912 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. 645,203 Ordinary Shares remain in Treasury.

 

-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

Chris Hardie (Director, Corporate Finance)

Benjamin Cryer (Corporate Finance)




Redleaf Communications (PR)

Tel:+ 44 (20) 7382 4730

Richard Gotla / Henry Columbine

[email protected]

 

 

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 in the UK and Central Europe (mainly Poland);

 

·     Group Properties - principal investments by the Group, currently comprising:

Six directly owned properties in Poland and Romania;

Five properties in Poland held by Fprop Opportunities plc (FOP), an FPAM managed fund in which the Group is a 76.2% shareholder;

Non-controlling interests in four other funds managed by FPAM.

 

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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Quick facts: First Property Group PLC

Price: 41

Market: AIM
Market Cap: £45.26 m
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