First Property Group PLC Director/PDMR Shareholding (4320I)

TIDMFPO

RNS Number : 4320I

First Property Group PLC

08 August 2019

 
 Date:           8 August 2019 
 On behalf of:   First Property Group plc ("First 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 today that Ben Habib, Group Chief Executive Officer, has purchased 100,000 ordinary shares ("Ordinary Shares") at a price of 43.5 pence per share. Following this transaction, Ben Habib's beneficial interest in the Company has increased to 14,650,000 Ordinary Shares, representing 13.16 per cent. of the total issued share capital of the Company.

-Ends-

For further information please contact:

 
  First Property Group plc                     Tel: [phone] 
                                                0270 
  Ben Habib (Chief Executive Officer)          www.fprop.com 
   George Digby (Group Finance Director)        [e-mail] 
   Jeremy Barkes (Director, Business 
   Development) 
 
  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    [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.

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.

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                             Ben Habib 
     -------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Group Chief Executive Officer 
     -------------------------------  ---------------------------------- 
 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               Ordinary shares of 1p each 
       financial instrument, 
       type of instrument 
                                        ISIN : GB0004109889 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Purchase of Ordinary Shares 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.435    50,000 
                                                     ---------- 
                                          GBP0.435    50,000 
                                                     ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume               100,000 
 
 
       - Price                           GBP0.435 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          8 August 2019 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         AIMX 
     -------------------------------  ---------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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August 08, 2019 07:05 ET (11:05 GMT)