| 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) Laura James (Group Finance Director) 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.
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
Identification code | Ordinary Shares of 1 penny
GB0004109889 | ||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| 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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