Director/PDMR Shareholding

RNS Number : 3951K

First Property Group PLC

18 December 2008

 

 

 

Date:                            18 December 2008

On behalf of:                 First Property Group plc (“First Property” or the “Company”)

For immediate release

 

 

First Property Group plc

Directors and other Dealings

 

First Property Group plc ('First Property' or the 'Company') announces that it was notified on 17 December 2008 of the following transactions which took place on 17 December 2008 in the ordinary shares of the Company. All of these transactions took place at a price of 10.0 pence per share.

 

Ben Habib, Chief Executive, purchased 500,000 ordinary shares in the Company. Ben Habib now holds a total of 15,500,000 ordinary shares, representing approximately 14.3% of the issued share capital of the Company.

 

George Digby, Finance Director, purchased 75,000 ordinary shares in the Company. He now holds a total of 150,000 ordinary shares, representing approximately 0.14% of the issued share capital of the Company.

The Company has itself purchased 217,903 ordinary shares. All of these shares are to be held as treasury shares. Following this transfer into treasury, First Property has in issue (excluding a total of 3,430,588 ordinary shares now held by the Company in treasury) 108,170,527 ordinary shares. 

The above figure of 108,170,527 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA’s Disclosure and Transparency Rules.

Enquiries to:

Ben Habib, Chief Executive	www.fprop.com
First Property Group plc	Tel: [phone]

Chris Hardie, Corporate Finance Director	[e-mail]
Arden Partners	Tel: [phone]

Emma Kane / Adam Leviton / Kathryn Hurford	[e-mail]
Redleaf Communications Ltd	Tel: [phone]

 

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 fund management, property trading, and facilities management.

 

·        The Company listed its shares on the Alternative Investment Market (AIM) in December 2000.

 

·        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

 

END

 

 

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