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FPO First Property Group Plc

18.90
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
First Property Group Plc LSE:FPO London Ordinary Share GB0004109889 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.90 18.80 19.00 18.90 18.90 18.90 50,511 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 7.25M 1.92M 0.0173 10.92 20.96M

First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (3732N)

29/01/2016 7:00am

UK Regulatory


TIDMFPO

RNS Number : 3732N

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:   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 11,199 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 31 October 2015.

Under the terms of his appointment Mr Moon is due to receive 40% of his emoluments, equating to GBP11,000 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 27 November 2015 and 3 December 2015, following the Company's interim results, was 49.12 pence. A similar announcement is expected in October 2016 following the publication of the Group's annual results.

As a result of this allotment of shares, Mr Moon's shareholding in the Company is 396,584 Ordinary Shares, which equates to 0.35% of the enlarged issued Ordinary Share capital.

Following the sale from Treasury, the Company has in issue 114,217,111 Ordinary Shares. The figure of 114,217,111 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. 634,004 Ordinary Shares remain in Treasury.

-Ends-

For further information please contact:

 
 First Property Group plc            Tel: +44 (20) 
                                      7340 0270 
 Ben Habib (Chief Executive          www.fprop.com 
  Officer)                            investor.relations@fprop.com 
  George Digby (Group Finance 
  Director) 
  Jeremy Barkes (Director, 
  Business Development) 
 
 Arden Partners (NOMAD & Broker)     Tel: + 44 (20) 
                                      7614 5900 
 Chris Hardie (Director, Corporate 
  Finance) 
  Benjamin Cryer (Corporate 
  Finance) 
 
 Redleaf Polhill (PR)                Tel:+ 44 (20) 
                                      7382 4734 
 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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(END) Dow Jones Newswires

January 29, 2016 02:00 ET (07:00 GMT)

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