Sale of treasury shares

RNS Number : 3400D

First Property Group PLC

12 September 2008

 



Date:                   12 September 2008

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

For immediate release

First Property Group plc

Sale of treasury shares

First Property Group plc (AIM: FPO), the AIM-listed property services group specialising in commercial property fund management announces that it has today sold 545,000 ordinary shares out of treasury at 18.5 pence per share in cash.

Following this transfer of shares out of treasury, First Property now has a total of 108,388,430 ordinary shares in issue (excluding treasury shares) and holds 3,212,685 of its ordinary shares in treasury.

-Ends-

Enquiries:

Ben Habib, Chief Executive                           www.fprop.com

First Property Group plc                                Tel: [phone]

Chris Hardie, Corporate Finance Director      [e-mail]

Arden Partners plc                                         Tel: [phone]

Emma Kane / Adam Leviton                          [e-mail]

Redleaf Communications Ltd                          Tel: [phone]

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 Fund 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

 

END

 

 

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