First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (9386V)

TIDMFPO

RNS Number : 9386V

First Property Group PLC

03 February 2017

 
 Date:        3 February 2017 
 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 12,659 Ordinary Shares of one pence each in the Company to Mr Peter Moon, a non-executive Director, in satisfaction of part of his emoluments for the six months ended 31 October 2016.

Under the terms of his appointment Mr Moon receives 40% of his emoluments (GBP12,000 was the relevant annual value to 30 September 2016), 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 24 November 2016 and 30 November 2016 was 47.40 pence. A similar announcement is expected in July 2017 following the publication of the Group's preliminary results.

As a result of this allotment of shares, Mr Moon's shareholding in the Company is 422,172 Ordinary Shares, which equates to 0.36% of the issued Ordinary Share capital.

Following the sale from Treasury, the Company has in issue 115,992,699 Ordinary Shares.

The figure of 115,992,699 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. 608,416 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)                            [e-mail] 
  George Digby (Group Finance 
  Director) 
  Jeremy Barkes (Director, 
  Business Development) 
 
 Arden Partners (NOMAD & Broker)     Tel: + 44 (20) 
                                      7614 5900 
 Chris Hardie (Director, Corporate 
  Finance) 
  Ben Cryer (Corporate Finance) 
 
 Redleaf Communications (PR)         Tel:+ 44 (20) 
                                      7382 4734 
 Rebecca Sanders-Hewett /            [e-mail] 
  Henry Columbine / Susie Hudson 
 

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 nine funds which are invested across the United Kingdom, Poland and Romania. FPAM funds rank No.1 versus MSCI's Investment Property Databank (IPD) Central & Eastern Europe (CEE) universe for the ten years from the commencement of its operations in Poland in 2005 to 31 December 2015, and for the annualised periods from 2005 to the end of each of the years between 31 December 2008 and 31 December 2015.

-- Group Properties - principal investments by the Group, to earn a return on its own capital, usually in partnership with third parties. Investments include eleven 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 six 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.

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                      Peter Moon 
---  ------------------------  ------------------------------ 
 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 
---  ------------------------  ------------------------------ 
 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             Issue of shares from treasury 
       transaction 
---  ------------------------  ------------------------------ 
 c)   Price(s) and                Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   GBP0.00     12,659 
                                  ----------  ---------- 
---  ------------------------  ------------------------------ 
 d)   Aggregated information    N/A (Single transaction) 
 
       - Aggregated 
       volume 
 
 
       - Price 
---  ------------------------  ------------------------------ 
 e)   Date of the transaction   2 February 2017 
---  ------------------------  ------------------------------ 
 f)   Place of the              Outside of a trading venue 
       transaction 
---  ------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 03, 2017 02:00 ET (07:00 GMT)