Last checked at 12 Sep 2008 12:39
Date: 12 September 2008
On behalf of: First Property Group plc ("First Property" or the "Company")
For immediate release
First Property Group plc
Sale of treasury shares
First Property Group plc (AIM: FPO), the AIM-listed property services group specialising in commercial property fund management announces that it has today sold 545,000 ordinary shares out of treasury at 18.5 pence per share in cash.
Following this transfer of shares out of treasury, First Property now has a total of 108,388,430 ordinary shares in issue (excluding treasury shares) and holds 3,212,685 of its ordinary shares in treasury.
-Ends-
Enquiries:
Ben Habib, Chief Executive www.fprop.com
First Property Group plc Tel: 020 7731 2844
Chris Hardie, Corporate Finance Director chris.hardie@arden-partners.com
Arden Partners plc Tel: 020 7398 1639
Emma Kane / Adam Leviton al@redleafpr.com
Redleaf 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 Fund Management - established in August 2002 and provided by a wholly owned subsidiary, First Property Asset Management Ltd (FPAM), now with operations in the UK, Central and Eastern Europe;
- Property Trading - established in August 2001 also provided by FPAM, now with operations in the UK, Central and Eastern Europe;
- Facilities Management - acquired 60% of First Property Services Ltd in February 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