REG - First Property Group - Director/PDMR Shareholding

First PropertyAnnouncement

10/05/2023 07:00

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RNS Number : 8520Y  First Property Group PLC  10 May 2023

 Date:          10 May 2023
 On behalf of:  First Property Group plc ("First Property", the "Company" or the "Group")
 Embargoed      07:00 hours

 

First Property Group plc

Director's shareholding

First Property Group plc (AIM: FPO), the property fund manager and investor,
has been notified that Mr Alasdair Locke, the Company's Chairman and a
non-executive Director, has purchased 100,000 ordinary shares in the Company
(the "Ordinary Shares") at a price of 26 pence per Ordinary Share. Following
this transaction, Alasdair Locke's beneficial interest in the Company has
increased to 8,771,990 Ordinary Shares, representing 7.91 per cent. of the
total issued share capital of the Company.

-Ends-

 

For further information please contact:

 

 First Property Group plc                                     Tel: +44 (20) 7340 0270
 Ben Habib (Chief Executive Officer)                          www.fprop.com (http://www.fprop.com)

 Laura James (Group Finance Director)                         investor.relations@fprop.com (mailto:investor.relations@fprop.com)

 Jeremy Barkes (Director, Business Development)

 Jill Aubrey (Director, Compliance & Company Secretary)

 Allenby Capital (NOMAD & Broker)                             Tel: + 44 (20) 3328 5656
 Nick Naylor (Corporate Finance)

 Daniel Dearden-Williams (Corporate Finance)

 Amrit Nahal (Sales and Corporate Broking)

 

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. 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 three directly held properties in Poland, one in Romania
and non-controlling interests in ten of the twelve funds managed by FPAM.

 

Quoted on AIM the Company has offices in London and Warsaw. Around one third
of the Ordinary Shares are owned by management, directors and their families.
Further information about the Company and its properties and funds can be
found at: www.fprop.com (http://www.fprop.com) .

 

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

 a)   Name                                                                      Alasdair Locke
 2    Reason for the notification
 a)   Position/status                                                           Group Chairman and a non-executive Director
 b)   Is this an initial notification or an amendment to a prior notification?  Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                                      First Property Group plc
 b)   LEI                                                                       213800O4C71RSRQVHH77
 4    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
 a)   Description of the financial instrument, type of instrument               Ordinary Shares of 1 penny

      Identification code

                                                                                GB0004109889
 b)   Nature of the transaction                                                 Purchase of Ordinary Shares
 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                                26p       100,000

 
 d)   Aggregated information (if any)

      - Aggregated volume

      - Price                                                                   N/A
 e)   Date of transaction                                                       9 May 2023
 f)   Place of the transaction                                                  London Stock Exchange

 

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

 

 

 

 

N/A

e)

Date of transaction

9 May 2023

f)

Place of the transaction

London Stock Exchange

 

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