First Property Group PLC Purchase of own shares into treasury (4375U)
25 Novembre 2019 - 8:00AM
UK Regulatory
TIDMFPO
RNS Number : 4375U
First Property Group PLC
25 November 2019
Date: 25 November 2019
On behalf of: First Property Group plc ("First Property",
"the Company" or the "Group")
Embargoed: Immediate release
First Property Group plc
Purchase of own shares into treasury
First Property Group plc (AIM: FPO), the property fund manager
and investor, announces that on 22 November 2019 it purchased into
Treasury 500,000 of its Ordinary shares of 1 pence each at a price
of 40.5 pence each on the market. This represents a 32% discount to
the Group's adjusted net assets of 59.65 pence per share as at 30
September 2019.
Following this purchase First Property has 110,366,636 Ordinary
shares in issue. Shareholders may use this figure as the
denominator to calculate if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules. 6,234,479 Ordinary shares are held in treasury.
-Ends-
For further information please contact:
First Property Group plc Tel: 020 7340 0270
Ben Habib (Chief Executive & Chief www.fprop.com
Investment Officer)
George Digby (Group Finance Director)
Jeremy Barkes (Director, Business Development)
Arden Partners (NOMAD & Broker) Tel: 020 7614 5900
John Llewellyn-Lloyd / Benjamin Cryer
Newgate Communications (PR) Tel:+44 (20) 3757 6865
Robin Tozer / 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 wholly owned 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.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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