First Property Group PLC Director's Shareholding & Ordinary Shares in Issue (4201U)
22 Novembre 2019 - 4:21PM
UK Regulatory
TIDMFPO
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 (GBP12,000 was the relevant annual value to 31 March
2019 and GBP13,200 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) 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. 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 Initial notification
or an amendment to a
prior 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 Ordinary Shares of 1p
instrument, type of instrument
Identification code 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 N/A - Single transaction
(if any)
- Aggregated volume
- Price
-------------------------------- -----------------------------------------
e) Date of transaction 22 November 2019
-------------------------------- -----------------------------------------
f) Place of the transaction Off Market Transaction
-------------------------------- -----------------------------------------
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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 rns@lseg.com or visit www.rns.com.
END
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