Director's Holding

RNS Number : 5069S

First Property Group PLC

11 March 2019

 

Date:	11 March 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 received notification from Mr. Ben Habib, Chief Executive Officer of the Company, that following finalisation of his divorce on 27 February 2019, 2,400,000 ordinary shares of 1 pence each ("Ordinary Shares") held by his former wife will cease to be included within his beneficial holding.

Accordingly, the total beneficial holding of Mr. Habib is now 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: [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 / 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. It has grown its adjusted net assets, together with dividends paid, by some 28% 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 twelve 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 directly held properties in Poland and Romania and non-controlling interests in nine of the twelve 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.

 

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