Last checked at 22 Oct 2018 17:50
Date: | 22 October 2018 |
On behalf of: | First Property Group plc ("First Property", "the Company" or the "Group") |
Embargoed | Immediate release |
First Property Group plc
Director / PDMR Share Dealing in Company
First Property Group plc (the "Company") (AIM: FPO) announces that it received notification today that on 22 October 2018 Mr. Jeremy Barkes, a person discharging managerial responsibilities (PDMR), sold and bought back 40,651 ordinary shares of 1 pence each in the Company at 49.20 pence per share and 49.28 pence per share respectively. The transactions took place on the London Stock Exchange.
Following this notification, the total beneficial holding of Mr.Barkes is unchanged at 1,263,606 Shares representing 1.14% of the issued ordinary share capital of the Company.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
The notifications below are made in accordance with the requirements of MAR.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Jeremy Barkes | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | PDMR | ||||||
b) | Initial notification/amendment | 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 | Ordinary shares of 1 pence each | ||||||
Identification code | GB0004109889 | |||||||
b) | Nature of the Transaction | Sale and purchase of ordinary shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information Aggregated volume Price | N/A - single disposal and purchase | ||||||
e) | Date of the transaction | 22 October 2018 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
-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 investor.relations@fprop.com |
Arden Partners (NOMAD & Broker) | Tel: + 44 (20) 7614 5900 |
John Llewellyn-Lloyd (Director, Corporate Finance) Ben Cryer (Corporate Finance) | |
Redleaf Communications (PR) | Tel:+ 44 (20) 3757 6865 |
Robin Tozer / Elisabeth Cowell | firstproperty@redleafpr.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. Around one third of the shares in the Company are owned by management and their families. It has grown its adjusted net assets, together with dividends paid, by some 26% on an annualised basis since 2006.
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 eleven 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 include five directly held properties in Poland and Romania and interests in eleven other funds managed by FPAM.
Listed on AIM the Company has offices in London, Warsaw and Bucharest. Further information about the Company and its products can be found at: www.fprop.com.