First Property Group PLC Director/PDMR Shareholding (0676P)

TIDMFPO

RNS Number : 0676P

First Property Group PLC

25 August 2017

 
 Date:        25 August 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 today notified that George Digby, Group Finance Director, has yesterday transferred into his SIPP 45,000 ordinary shares ("Ordinary Shares") by way of a sale and buy back at prices of 55.35 pence and 58.5 pence, respectively. Following this transaction, George Digby's beneficial interest in the Company remains unchanged at 620,000 Ordinary Shares, representing 0.53 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                      George Digby 
---  ------------------------  ----------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status           Director 
---  ------------------------  ----------------------------- 
 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            Ordinary shares of 1p each 
       the financial 
       instrument, type 
       of instrument             ISIN : GB0004109889 
 
       Identification 
       code 
---  ------------------------  ----------------------------- 
 b)   Nature of the             Disposal of shares 
       transaction 
---  ------------------------  ----------------------------- 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                  ---------  ---------- 
                                   55.35p     45,000 
                                  ---------  ---------- 
---  ------------------------  ----------------------------- 
 d)   Aggregated information    N/A (Single transaction) 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ----------------------------- 
 e)   Date of the transaction   24 August 2017 
---  ------------------------  ----------------------------- 
 f)   Place of the              London Stock Exchange (XLON) 
       transaction 
---  ------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------- 
 a)   Name                      George Digby 
---  ------------------------  ------------------------------ 
 2    Reason for the notification 
---  -------------------------------------------------------- 
 a)   Position/status           Director 
---  ------------------------  ------------------------------ 
 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            Ordinary shares of 1p each 
       the financial 
       instrument, type 
       of instrument             ISIN : GB0004109889 
 
       Identification 
       code 
---  ------------------------  ------------------------------ 
 b)   Nature of the             Acquisition by SIPP of George 
       transaction               Digby 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)   Volume(s) 
       volume(s)                  ---------  ---------- 
                                   58.5p      45,000 
                                  ---------  ---------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information    N/A (Single transaction) 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   24 August 2017 
---  ------------------------  ------------------------------ 
 f)   Place of the              London Stock Exchange (XLON) 
       transaction 
---  ------------------------  ------------------------------ 
 

-Ends-

For further information please contact:

 
 First Property Group plc            Tel: [phone] 
 Ben Habib (Chief Executive          www.fprop.com 
  & Chief Investment Officer) 
  George Digby (Group Finance 
  Director) 
 Jeremy Barkes (Director, Business 
  Development) 
 Arden Partners                      Tel: [phone] 
 Chris Hardie / Benjamin Cryer 
 
 Redleaf Polhill                     Tel: [phone] 
 Robin Tozer / Henry Columbine       [e-mail] 
 

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 eleven 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 interests in nine other funds managed by FPAM.

Listed on AIM the Company has offices in London and Warsaw. 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

August 25, 2017 12:04 ET (16:04 GMT)