First Property Group PLC Director's Holding (5069S)
March 11 2019 - 12:00PM
UK Regulatory
TIDMFPO
RNS Number : 5069S
First Property Group PLC
11 March 2019
Date: 11 March 2019
On behalf of: First Property Group plc ("First Property",
"the Company" or the "Group")
Embargoed Immediate release
First Property Group plc
Director's Holding
First Property Group plc (AIM: FPO) announces that it received
notification from Mr. Ben Habib, Chief Executive Officer of the
Company, that following finalisation of his divorce on 27 February
2019, 2,400,000 ordinary shares of 1 pence each ("Ordinary Shares")
held by his former wife will cease to be included within his
beneficial holding.
Accordingly, the total beneficial holding of Mr. Habib is now
14,450,000 Ordinary Shares representing 12.98% of the issued
ordinary share capital of the Company.
-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 / 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.
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 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.
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END
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