First Property Group PLC Result of AGM (4380B)

TIDMFPO

RNS Number : 4380B

First Property Group PLC

20 September 2018

 
 Date:           20 September 2018 
 On behalf of:   First Property Group plc ("First Property", 
                  "the Company" or the "Group") 
 Embargoed:      Immediate Release 
 

First Property Group plc

Result of AGM

First Property Group plc (AIM: FPO), the award winning property fund manager and investor with operations in the UK and Central Europe, is pleased to announce that all resolutions proposed at the Company's Annual General Meeting held earlier today were duly passed.

-Ends-

For further information please contact:

 
 First Property Group plc                 Tel: [phone] 
 Ben Habib (Chief Executive & Chief       www.fprop.com 
  Investment Officer) 
  George Digby (Group Finance Director) 
  Jeremy Barkes (Director, Business 
  Development) 
 
 Arden Partners                           Tel: [phone] 
 Chris Hardie/ Ben Cryer 
 
 Redleaf Communications                   Tel: [phone] 
 Robin Tozer / Elisabeth Cowell           [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. It has grown its adjusted net assets, together with dividends paid, by some 26% on an annualised basis since 2006.

The Group's 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 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, Warsaw and Bucharest. Further information about the Company and its products can be found at: www.fprop.com.

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.

END

RAGSELFESFASESU

(END) Dow Jones Newswires

September 20, 2018 08:08 ET (12:08 GMT)