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Director's Shareholding & Ordinary Shares in Issue

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RNS Number : 4201U
First Property Group PLC
22 November 2019
 

Date:

22 November 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 Ordinary Shares 12,635 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 30 April 2019.

 

Under the terms of his appointment Mr Moon receives 40% of his emoluments (£12,000 was the relevant annual value to 31 March 2019 and £13,200 from 1 April 2019), 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 7 June 2019 and 13 June 2019, adjusted for the final dividend, was 48.28 pence.

 

As a result of this allotment of shares, Mr Moon's shareholding in the Company is 481,109 Ordinary Shares, which equates to 0.43% of the issued Ordinary Share capital.

 

Following the sale from Treasury, the Company has 110,866,636 Ordinary Shares in issue. The figure of 110,866,636 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. 5,734,479 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)

George Digby (Group Finance Director)

Jeremy Barkes (Director, Business Development)

www.fprop.com

[email protected]



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

[email protected]

 

 

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 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 commercial properties in Poland and Romania and non-controlling interests in ten 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.

 

 

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 or an amendment to a prior notification?

Initial 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 instrument, type of instrument

 

Identification code

Ordinary Shares of 1p

 

 

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)

48.28p

12,635

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

N/A - Single transaction

e)

Date of transaction

22 November 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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: First Property Group PLC

Price: 44.25

Market: AIM
Market Cap: £48.84 m
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