First Property Group PLC Director/PDMR Shareholding (1973A)

TIDMFPO

RNS Number : 1973A

First Property Group PLC

22 May 2023

 
  Date:            22 May 2023 
  On behalf of:    First Property Group plc ("First Property", 
                    the "Company" or the "Group") 
  Embargoed        Immediate Release 
 

First Property Group plc

PDMR shareholding

First Property Group plc (AIM: FPO), the property fund manager and investor, was notified on 20 May 2023 that, Martin Pryce (a PDMR) has transferred 75,000 ordinary shares in First Property (the "Ordinary Shares") for nil consideration to his spouse, Caroline Pryce.

Following the transfer, Caroline Pryce's interest is considered for the purposes of disclosure to be counted towards Martin Pryce's interest in the share capital of the Company, therefore his interest remains unchanged at 1,550,361 Ordinary Shares, equivalent to approximately 1.40% of the Company's total issued share capital.

.-Ends-

For further information please contact:

 
  First Property Group plc                      Tel: [phone] 
  Ben Habib (Chief Executive Officer)           www.fprop.com 
   Laura James (Group Finance Director)          [e-mail] 
   Jeremy Barkes (Director, Business 
   Development) 
   Jill Aubrey (Director, Compliance 
   & Company Secretary) 
 
  Allenby Capital (NOMAD & Broker)              Tel: + 44 (20) 3328 
                                                 5656 
  Nick Naylor (Corporate Finance) 
   Daniel Dearden-Williams (Corporate 
   Finance) 
   Amrit Nahal (Sales and Corporate Broking) 
 
 

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 twelve 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 three directly held properties in Poland, one in Romania and non-controlling interests in ten of the twelve funds managed by FPAM.

Quoted on AIM the Company has offices in London and Warsaw. Around one third of the Ordinary Shares are owned by management, directors and their families. Further information about the Company and its properties and funds can be found at: www.fprop.com .

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
 a)    Name                               Martin Pryce 
       Reason for the notification 
  2 
     --------------------------------------------------------------------------- 
 a)    Position/status                    PDMR 
     ---------------------------------  ---------------------------------------- 
 b)    Is this an initial notification    Initial notification 
        or an amendment to a 
        prior notification? 
     ---------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)    Name                               First Property Group plc 
     ---------------------------------  ---------------------------------------- 
 b)    LEI                                213800O4C71RSRQVHH77 
     ---------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated for (i) 
  4     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 financial       Ordinary Shares of 1 penny 
        instrument, type of 
        instrument 
                                           GB0004109889 
        Identification code 
     ---------------------------------  ---------------------------------------- 
 b)    Nature of the transaction          Sale and repurchase of Ordinary Shares 
     ---------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s)               Price(s)     Volume(s) 
                                                Nil        75,000 
                                                        ----------- 
     ---------------------------------  ---------------------------------------- 
 d)    Aggregated information 
        (if any) 
 
        - Aggregated volume 
                                            N/A 
        - Price 
     ---------------------------------  ---------------------------------------- 
 e)    Date of transaction                19 May 2023 
     ---------------------------------  ---------------------------------------- 
 f)    Place of the transaction           London Stock Exchange 
     ---------------------------------  ---------------------------------------- 
 

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May 22, 2023 05:30 ET (09:30 GMT)