First Property Group PLC Director/PDMR Shareholding (5646E)
July 04 2019 - 10:31AM
UK Regulatory
TIDMFPO
RNS Number : 5646E
First Property Group PLC
04 July 2019
Date: 4 July 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 has
received notification from Thaddeus Ltd, a company in which Mr. Ben
Habib, Chief Executive Officer of First Property used to have a
beneficial interest in 75% of its shares, that it has transferred
1,075,000 ordinary shares of 1 pence each ("Ordinary Shares") to
Legatum, a company in which Mr Habib is the sole beneficial
shareholder. The shares were transferred at a price of 50 pence per
share.
Following this transfer Mr. Habib's total beneficial holding in
First Property Group plc remains unchanged at 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 / 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 26% 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 thirteen 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 wholly owned properties in
Poland and Romania and non-controlling interests in nine of the
thirteen 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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