Director/PDMR Shareholding

RNS Number : 4320I

First Property Group PLC

08 August 2019

 

Date:	8 August 2019
On behalf of:	First Property Group plc ("First Property", "the Company" or the "Group")
Embargoed:	Immediate release

First Property Group plc

Director / PDMR shareholding

First Property Group plc (AIM: FPO), the property fund manager and investor, was notified today that Ben Habib, Group Chief Executive Officer, has purchased 100,000 ordinary shares ("Ordinary Shares") at a price of 43.5 pence per share. Following this transaction, Ben Habib's beneficial interest in the Company has increased to 14,650,000 Ordinary Shares, representing 13.16 per cent. of the total issued share capital of the Company.

-Ends-

For further information please contact:

First Property Group plc	Tel: [phone]
Ben Habib (Chief Executive Officer) George Digby (Group Finance Director) Jeremy Barkes (Director, Business Development)	www.fprop.com [e-mail]
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	[e-mail]

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.

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.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ben Habib
2	Reason for the notification
a)	Position/status	Group Chief Executive Officer
b)	Initial notification /Amendment	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	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 each ISIN :   GB0004109889
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.435 50,000 £0.435 50,000
d)	Aggregated information - Aggregated volume - Price	100,000 £0.435
e)	Date of the transaction	8 August 2019
f)	Place of the transaction	AIMX

 

END

 

 

DSHBGGDILUGBGCI