Last checked at 2 Mar 2020 16:09
Date: | 2 March 2020 |
On behalf of: | First Property Group plc ("First Property", "the Company" or the "Group") |
Embargoed | Immediate release |
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First Property Group plc
Director's shareholding
First Property Group plc (AIM: FPO), the property fund manager and investor, was notified today that Mr Ben Habib, Group Chief Executive Officer, has purchased 190,000 ordinary shares ("Ordinary Shares") at an average price of 39.11 pence per share into his Self-Invested Personal Pension (SIPP). Following this transaction, Ben Habib's beneficial interest in the Company has increased to 14,840,000 Ordinary Shares, representing 13.45 per cent. of the total issued share capital of the Company.
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For further information please contact:
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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 |
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Arden Partners (NOMAD & Broker) | Tel: + 44 (20) 7614 5900 |
John Llewellyn-Lloyd (Director, Corporate Finance) Ben Cryer (Corporate Finance) | Â |
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Newgate Communications (PR) | Tel:+ 44 (20) 3757 6880 |
Robin Tozer / Tom Carnegie | firstproperty@newgatecomms.com |
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Notes to Investors and Editors:
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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:
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· 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.
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· 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.
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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.
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
a) | Name | Ben Habib | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Chief Executive Officer | ||||||||
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 Â | 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 | Purchase of Ordinary Shares | ||||||||
c) Â | Price(s) and volume(s) Â Â | Â
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d)  | Aggregated information (if any)  - Aggregated volume  - Price |   190,000  39.1053p | ||||||||
e) | Dates of transaction | 27 February 2020 28 February 2020 2 March 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange | ||||||||
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