First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (9386V)
03 February 2017 - 6:00PM
UK Regulatory
TIDMFPO
RNS Number : 9386V
First Property Group PLC
03 February 2017
Date: 3 February 2017
On behalf First Property Group plc ("First
of: Property", "the Company" or the "Group")
Embargoed: 0700hrs
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 12,659 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 2016.
Under the terms of his appointment Mr Moon receives 40% of his
emoluments (GBP12,000 was the relevant annual value to 30 September
2016), 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 24 November 2016 and 30 November 2016 was 47.40 pence.
A similar announcement is expected in July 2017 following the
publication of the Group's preliminary results.
As a result of this allotment of shares, Mr Moon's shareholding
in the Company is 422,172 Ordinary Shares, which equates to 0.36%
of the issued Ordinary Share capital.
Following the sale from Treasury, the Company has in issue
115,992,699 Ordinary Shares.
The figure of 115,992,699 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. 608,416 Ordinary Shares remain in
Treasury.
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20)
7340 0270
Ben Habib (Chief Executive www.fprop.com
Officer) investor.relations@fprop.com
George Digby (Group Finance
Director)
Jeremy Barkes (Director,
Business Development)
Arden Partners (NOMAD & Broker) Tel: + 44 (20)
7614 5900
Chris Hardie (Director, Corporate
Finance)
Ben Cryer (Corporate Finance)
Redleaf Communications (PR) Tel:+ 44 (20)
7382 4734
Rebecca Sanders-Hewett / firstproperty@redleafpr.com
Henry Columbine / Susie Hudson
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 nine funds which are invested across the United Kingdom,
Poland and Romania. FPAM funds rank No.1 versus MSCI's Investment
Property Databank (IPD) Central & Eastern Europe (CEE) universe
for the ten years from the commencement of its operations in Poland
in 2005 to 31 December 2015, and for the annualised periods from
2005 to the end of each of the years between 31 December 2008 and
31 December 2015.
-- Group Properties - principal investments by the Group, to
earn a return on its own capital, usually in partnership with third
parties. Investments include eleven 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 six other funds managed by FPAM.
Listed on AIM the Company has offices in London and Warsaw.
Further information about the Company and its products can be found
at: www.fprop.com.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------
a) Name Peter Moon
--- ------------------------ ------------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Director
--- ------------------------ ------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------ ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------
a) Name First Property Group plc
--- ------------------------ ------------------------------
b) LEI
--- ------------------------ ------------------------------
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 Ordinary shares of 1p each
the financial
instrument, type
of instrument ISIN : GB0004109889
Identification
code
--- ------------------------ ------------------------------
b) Nature of the Issue of shares from treasury
transaction
--- ------------------------ ------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ---------- ----------
GBP0.00 12,659
---------- ----------
--- ------------------------ ------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated
volume
- Price
--- ------------------------ ------------------------------
e) Date of the transaction 2 February 2017
--- ------------------------ ------------------------------
f) Place of the Outside of a trading venue
transaction
--- ------------------------ ------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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