Date: 30 November 2010
On behalf of: First Property Group plc ("First Property" or "the Company")
Immediate release
First Property Group plc
Dividend Record Date - Correction
In the interim results announcement issued earlier today, First Property Group plc (AIM: FPO) stated that the record date for the interim dividend would be 8 December 2010. The Company would like to correct this error and confirm that the record date will be 10 December 2010.
Ends
For further information please contact:
First Property Group plc |
Tel: 020 7340 0270 |
Ben Habib (Chief Executive) George Digby (Finance Director) Jeremy Barkes (Director, FJB Capital Advisers) |
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Arden Partners |
Tel: 020 7614 5917 |
Chris Hardie (Director, Corporate Finance ) |
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Redleaf Communications |
Tel: 020 7566 6708 |
Adam Leviton |
Notes to investors and editors
· First Property Group plc is a commercial property fund manager with operations in the United Kingdom and Central Europe. The performance of its funds under management ranked #1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009.
· The business model of First Property Group is:
o To raise third party funds to invest in income producing commercial property;
o To co-invest in these funds;
o To earn fees for the management of these funds. Fees earned are a function of the value of assets under management as well as the performance of the funds;
o To earn a return on its own capital invested in these funds.
· It also has a 60% shareholding in a mechanical & electrical (M&E) installation and maintenance
contractor, First Property Services Limited.
· Further information about the Company and its products can be found at: www.fprop.com.