Result of AGM

RNS Number : 0633T

First Property Group PLC

21 September 2010

 



Date:                            21 September 2010

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

For immediate release

First Property Group plc

Result of AGM

First Property Group plc (AIM: FPO), the AIM-listed commercial property fund management group, announces that all resolutions proposed at the Company's Annual General Meeting held today were duly passed.

- Ends -

For further information contact:

First Property Group plc	Tel: [phone]
Ben Habib (Chief Executive) Jeremy Barkes (Director, FJB Capital Advisers)	www.fprop.com
Arden Partners	Tel: [phone]
Chris Hardie (Director Corporate Finance )
Redleaf Communications	Tel: [phone]
Adam Leviton	[e-mail]

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 principal business model of First Property Group can be summarised as follows:

o  raise third party funds to invest in income producing commercial property;

o  co-invest in these funds;

o  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  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.

 

END

 

 

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