4 Jul 2019 16:31
Date: | 4 July 2019 |
On behalf of: | First Property Group plc ("First Property", "the Company" or the "Group") |
Embargoed | Immediate release |
First Property Group plc
Director's Holding
First Property Group plc (AIM: FPO) announces that it has received notification from Thaddeus Ltd, a company in which Mr. Ben Habib, Chief Executive Officer of First Property used to have a beneficial interest in 75% of its shares, that it has transferred 1,075,000 ordinary shares of 1 pence each ("Ordinary Shares") to Legatum, a company in which Mr Habib is the sole beneficial shareholder. The shares were transferred at a price of 50 pence per share.
Following this transfer Mr. Habib's total beneficial holding in First Property Group plc remains unchanged at 14,450,000 Ordinary Shares representing 12.98% of the issued ordinary share capital of the Company.
-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) | |
Newgate Communications (PR) | Tel:+ 44 (20) 3757 6880 |
Robin Tozer / Fiona Norman / Tom Carnegie | firstproperty@newgatecomms.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. 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 thirteen 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 comprise nine wholly owned properties in Poland and Romania and non-controlling interests in nine of the thirteen funds managed by FPAM.
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.
First Property (FPO)