Directors and other dealings
First Property Group PLC
17 January 2008
Date: 17 January 2008
On behalf of: First Property Group plc ('First Property' or the
'Company')
Embargoed for: 0700hrs
First Property Group plc
Directors and other Dealings
First Property Group plc ('First Property' or the 'Company') announces that it
has been notified of the following transactions which took place yesterday on 16
January 2008 in the ordinary shares of the Company. All of these transactions
took place at a price of 14.0 pence per share.
Ben Habib, Chief Executive, has purchased 575,717 ordinary shares in the
Company. Ben Habib now holds a total of 15,000,000 ordinary shares,
representing approximately 13.7% of the issued share capital of the Company.
George Digby, Finance Director, has purchased 53,000 ordinary shares in the
Company. He now holds a total of 75,000 ordinary shares, representing
approximately 0.07% of the issued share capital of the Company.
The Company has itself purchased 421,283 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 2,057,685 ordinary shares now held
by the Company in treasury) 109, 543,430 ordinary shares.
The above figure of 109,543,430 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: 020 7731 2844
Chris Hardie, Corporate Finance Director chris.hardie@arden-partners.com
Arden Partners Tel: 020 7398 1639
Emma Kane / Adam Leviton al@redleafpr.com
Redleaf Communications Ltd Tel: 020 7822 0200
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
asset management, property transaction underwriting and trading, and
facilities management.
• The Company listed its shares on the Alternative Investment Market (AIM)
in December 2000 with a view to fuelling further growth.
• First Property Group plc is a property services group which consists of
the following core services:
- Property Asset 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
This information is provided by RNS
The company news service from the London Stock Exchange