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First Property Group (FPO)

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Monday 17 December, 2018

First Property Group

Exercise of share options and total voting rights

RNS Number : 7080K
First Property Group PLC
17 December 2018


17 December 2018

On behalf of:

First Property Group plc ("First Property", "the Company" or the "Group")


Immediate Release


First Property Group plc

Exercise of share options and total voting rights


First Property Group plc (AIM: FPO), the award winning property fund manager and investor with operations in the UK and Central Europe, was notified on 14 December 2018 that Jill Aubrey, a director of First Property Asset Management Ltd, has exercised 75,000 options over ordinary shares of 1p each ("Ordinary Shares"). These options were granted pursuant to the First Property Group share option scheme at an exercise price of 16.50 pence per Ordinary Share and were sold at 52 pence per Ordinary Share.


Following these sales the number of outstanding share options over Ordinary Shares has reduced to 2,625,000.


In order to exercise these options 75,000 Ordinary Shares were sold by the Company from Treasury, resulting in the total number of issued and fully paid Ordinary Shares increasing to 111,328,003. Under the Financial Conduct Authority's Disclosure and Transparency rules the figure of 111,328,003 Ordinary Shares should be used by shareholders as the denominator for calculations by which to determine if they are required to notify their interest, or a change in their interest, in the Ordinary Share capital of First Property Group plc. The number of Ordinary Shares in Treasury reduced to 5,273,112.




For further information please contact:


First Property Group plc         

Tel: +44 (20) 7340 0270

Ben Habib (Chief Executive Officer)

George Digby (Group Finance Director)

Jeremy Barkes (Director, Business Development)

[email protected]



Arden Partners (NOMAD & Broker)

Tel: + 44 (20) 7614 5900

John Llewellyn-Lloyd

Ben Cryer




Newgate Communications (PR)

Tel: +44 (20) 3757 6880

Robin Tozer / Fiona Norman / Tom Carnegie

[email protected]


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:



Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:



Details of the person discharging managerial responsibilities / person closely associated



Jill Aubrey


Reason for the notification



Director, First Property Asset Management Ltd


Is this an initial notification or an amendment to a prior notification?

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



First Property Group plc






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted



Description of the financial instrument, type of instrument


Identification code

Ordinary Shares of 1p






Nature of the transaction

Exercise of Options and Disposal of Ordinary Shares



Price(s) and volume(s)



Exercise of options over Ordinary Shares







Disposal of Ordinary Shares










Aggregated information (if any)


- Aggregated volume


- Price

Exercise of options over Ordinary Shares

Aggregate volume: 75,000

Aggregate Price: 16.5p


Disposal of Ordinary Shares

Aggregate volume: 75,000

Aggregate Price: 52p


Date of transaction

14 December 2018


Place of the transaction



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