First Property Group PLC Purchase of own shares into treasury (1244K)
April 06 2018 - 5:23AM
UK Regulatory
TIDMFPO
RNS Number : 1244K
First Property Group PLC
06 April 2018
Date: 6 April 2018
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: Immediate release
First Property Group plc
Purchase of own shares into treasury
First Property Group plc (AIM: FPO), the property fund manager
and investor, announces that it has today purchased into treasury
4,775,000 of its Ordinary shares of 1 pence each at a price of 46
pence each on the market. This represents a discount to both the
current share price and the last reported net asset value per share
of the Group.
Following this purchase, First Property has 111,241,546 Ordinary
shares in issue and 5,359,569 Ordinary shares held in treasury.
-Ends-
For further information please contact:
First Property Group plc Tel: 020 7340 0270
Ben Habib (Chief Executive www.fprop.com
& Chief Investment Officer)
George Digby (Group Finance
Director)
Jeremy Barkes (Director, Business
Development)
Arden Partners (NOMAD & Broker) Tel: 020 7614 5900
Chris Hardie / Benjamin Cryer
Redleaf Communications (PR) Tel: 020 3757 6865
Robin Tozer / Elisabeth Cowell firstproperty@redleafpr.com
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 eleven 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 company news service from the London Stock Exchange
END
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