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RNS Number : 6192X

First Property Group PLC

27 April 2023

 
  Date:            27 April 2023 
  On behalf of:    First Property Group plc ("First Property", 
                    "the Company" or the "Group") 
  Embargoed        07:00 hours

First Property Group plc

Director's shareholding

First Property Group plc (AIM: FPO), the property fund manager and investor, has been notified that Mr Ben Habib, Group Chief Executive Officer, has purchased 50,000 ordinary shares ("Ordinary Shares") at a price of 25.10 pence per share. Following this transaction, Ben Habib's beneficial interest in the Company has increased to 14,990,000 Ordinary Shares, representing 13.52 per cent. of the total issued 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 
   Laura James (Group Finance Director)          investor.relations@fprop.com 
   Jeremy Barkes (Director, Business 
   Development) 
   Jill Aubrey (Director, Compliance 
   & Company Secretary) 
 
  Allenby Capital (NOMAD & Broker)              Tel: + 44 (20) 3328 
                                                 5656 
  Nick Naylor (Corporate Finance) 
   Daniel Dearden-Williams (Corporate 
   Finance) 
   Amrit Nahal (Sales and Corporate Broking)

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. 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 three directly held properties in Poland, one in Romania and non-controlling interests in ten of the twelve funds managed by FPAM.

Listed on AIM the Company has offices in London and Warsaw. 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                                     Ben Habib 
       Reason for the notification 
  2 
     -------------------------------------------------------------------------- 
 a)    Position/status                          Chief Executive Officer 
     ---------------------------------------  --------------------------------- 
 b)    Is this an initial notification          Initial notification 
        or an amendment to a 
        prior notification? 
     ---------------------------------------  --------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)    Name                                     First Property Group plc 
     ---------------------------------------  --------------------------------- 
 b)    LEI                                      213800O4C71RSRQVHH77 
     ---------------------------------------  --------------------------------- 
       Details of the transaction(s): section to be repeated for (i) 
  4     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 1 pe nny 
        instrument, type of 
        instrument 
                                                 GB0004109889 
        Identification code 
     ---------------------------------------  --------------------------------- 
 b)    Nature of the transaction                Purchase of Ordinary Shares 
     ---------------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)                     Price(s)    Volume(s) 
                                                    25.1p       50,000 
                                                             ----------- 
     ---------------------------------------  --------------------------------- 
 d)    Aggregated information 
        (if any) 
                                                  N/A 
        - Aggregated volume 
 
        - Price 
     ---------------------------------------  --------------------------------- 
 e)    Date of transaction                      26 April 2023 
     ---------------------------------------  --------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
     ---------------------------------------  ---------------------------------

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April 27, 2023 02:00 ET (06:00 GMT)

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