First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (4895M)
January 08 2019 - 2:50AM
UK Regulatory
TIDMFPO
RNS Number : 4895M
First Property Group PLC
08 January 2019
Date: 8 January 2019
On behalf of: First Property Group plc ("First Property",
"the Company" or the "Group")
Embargoed: Immediate Release
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 10,998 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 2018.
Under the terms of his appointment Mr Moon receives 40% of his
emoluments (GBP12,000 was the relevant annual value to 31 October
2018), 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 23 November 2018 and 29 November 2018, adjusted for
the interim dividend, was 54.56 pence.
As a result of this allotment of shares, Mr Moon's shareholding
in the Company is 468,474 Ordinary Shares, which equates to 0.42%
of the issued Ordinary Share capital.
Following the sale from Treasury, the Company has 111,354,001
Ordinary Shares in issue. The figure of 111,354,001 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. 5,247,114 Ordinary Shares remain
in Treasury.
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20) 7340
0270
Ben Habib (Chief Executive Officer) www.fprop.com
George Digby (Group Finance Director) investor.relations@fprop.com
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 firstproperty@newgatecomms.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. It has grown its adjusted net assets, together with
dividends paid, by some 28% 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 comprise nine directly held properties in
Poland and Romania and non-controlling interests in nine of the
twelve 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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
a) Name Peter Moon
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- -----------------------------------------
b) Is this an initial notification Initial notification
or an amendment to a
prior notification?
-------------------------------- -----------------------------------------
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 financial Ordinary Shares of 1p
instrument, type of instrument
Identification code GB0004109889
-------------------------------- -----------------------------------------
b) Nature of the transaction Issue of Ordinary Shares in satisfaction
of part of emoluments
-------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
54.56p 10,998
----------
-------------------------------- -----------------------------------------
d) Aggregated information N/A - Single transaction
(if any)
- Aggregated volume
- Price
-------------------------------- -----------------------------------------
e) Date of transaction 7 January 2019
-------------------------------- -----------------------------------------
f) Place of the transaction Off Market Transaction
-------------------------------- -----------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
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