First Property Regulatory News (FPO)

17 Jan 2008 07:00

First Property Group PLC17 January 2008 Date: 17 January 2008On behalf of: First Property Group plc ("First Property" or the "Company")Embargoed for: 0700hrs First Property Group plcDirectors and other Dealings First Property Group plc ("First Property" or the "Company") announces that ithas been notified of the following transactions which took place yesterday on 16January 2008 in the ordinary shares of the Company. All of these transactionstook place at a price of 14.0 pence per share. Ben Habib, Chief Executive, has purchased 575,717 ordinary shares in theCompany. Ben Habib now holds a total of 15,000,000 ordinary shares,representing approximately 13.7% of the issued share capital of the Company. George Digby, Finance Director, has purchased 53,000 ordinary shares in theCompany. He now holds a total of 75,000 ordinary shares, representingapproximately 0.07% of the issued share capital of the Company. The Company has itself purchased 421,283 ordinary shares. All of these sharesare to be held as treasury shares. Following this transfer into treasury, FirstProperty has in issue (excluding a total of 2,057,685 ordinary shares now heldby the Company in treasury) 109, 543,430 ordinary shares. The above figure of 109,543,430 ordinary shares may be used by shareholders asthe denominator for the calculations by which they will determine if they arerequired to notify their interest in, or a change to their interest in, theCompany under the FSA's Disclosure and Transparency Rules. Enquiries to: Ben Habib, Chief Executive www.fprop.comFirst Property Group plc Tel: 020 7731 2844 Chris Hardie, Corporate Finance Director chris.hardie@arden-partners.comArden Partners Tel: 020 7398 1639 Emma Kane / Adam Leviton al@redleafpr.comRedleaf Communications Ltd Tel: 020 7822 0200 Notes to Editors: • First Property Group plc was established in March 2000 by Chief Executive Ben Habib, to provide a number of property services which include property asset management, property transaction underwriting and trading, and facilities management. • The Company listed its shares on the Alternative Investment Market (AIM) in December 2000 with a view to fuelling further growth. • First Property Group plc is a property services group which consists of the following core services: - Property Asset Management - established in August 2002 and provided by awholly owned subsidiary, First Property Asset Management Ltd (FPAM), now withoperations in the UK, Central and Eastern Europe; - Property Trading - established in August 2001 also provided by FPAM, now withoperations in the UK, Central and Eastern Europe; - Facilities Management - acquired 60% of First Property Services Ltd inFebruary 2006, with operations in the UK and clients including: Credit Suisse,Canary Wharf, the BBC, Coutts Bank and Exxon Mobil. • Further information about the company and its products can be found at: www.fprop.com This information is provided by RNS The company news service from the London Stock Exchange