Last checked at 28 Apr 2016 07:00
Date: | 28 April 2016 |
On behalf of: | First Property Group plc ("First Property", "the Company" or the "Group") |
Embargoed: | 0700hrs |
First Property Group plc
Notice of Preliminary Results
First Property Group plc (AIM: FPO), the property fund manager and investor, is pleased to confirm that its Preliminary results for the year ended 31 March 2016 are scheduled for release on Thursday 9 June 2016.
A meeting for analysts and investors will be held at the offices of First Property Group plc, 32 St James's Street, London, SW1A 1HD at 10.30am on 9 June. This meeting will also be accessible by conference call on +44 20 3364 5721, participant passcode 811985. The accompanying investor presentation will simultaneously be available online at http://www.fprop.com/plc-results/81/88/.
A recording of the call and the investor presentation will subsequently be posted on the Company's website.
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For further information please contact:
First Property Group plc | Tel: 020 7340 0270 |
Ben Habib (Chief Executive & Chief Investment Officer) George Digby (Group Finance Director) Jeremy Barkes (Director, Business Development) | www.fprop.com |
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Arden Partners | Tel: 020 7614 5900 |
Chris Hardie/ Ben Cryer |
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Redleaf Communications | Tel: 020 7382 4747 |
Henry Columbine/ Rebecca Sanders-Hewett/ Susie Hudson | firstproperty@redleafpr.com |
Notes to Investors and Editors:
First Property Group plc is a property fund manager and investor with operations in the United Kingdom and Central Europe. 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:
o Management fees are levied by reference to the value of properties under management;
o Performance fees are levied where appropriate, usually payable upon realisation of profits above an agreed hurdle.
· Group Properties - principal investments by the Group, to earn a return on its own capital, usually in partnership with third parties.
FPAM funds rank No.1 versus MSCI's Investment Property Databank (IPD) Central & Eastern Europe (CEE) Benchmark for the ten years from the commencement of its operations in Poland in 2005 to 31 December 2015, and for the annualised periods from 2005 to the end of each of the years between 31 December 2008 and 31 December 2015.
First Property Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Further information about the Company and its products can be found at: www.fprop.com.