| Date: | 18 September 2024 |
| On behalf of: | First Property Group plc ("First Property", the "Company" or the "Group") |
| Embargoed | 07:00 hours |
First Property Group plc
PDMR shareholding
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 17 September 2024 that Jeremy Barkes, a person discharging managerial responsibilities (PDMR), has sold 35,800 ordinary shares (the "Ordinary shares") at 13.00p and 60,000 Ordinary Shares at 13.05p in order to part fund the take up of his full entitlement in the Open Offer as announced by the Company on the 3 September 2024.
Following these sales, Jeremy Barkes' beneficial interest in the share capital of the Company is 1,487,806 Ordinary Shares, equivalent to approximately 1.35% of the Company's total issued share capital.
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/ Daniel Dearden-Williams (Corporate Finance) Amrit Nahal / Tony Quirke (Sales and Corporate Broking)) | |
Notes to Investors and Editors:
First Property Group plc is a 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 six directly held properties in Poland, one in Romania, and non-controlling interests in nine of the twelve funds managed by FPAM.
Quoted on AIM, the Company has offices in London and Warsaw. Further information about the Company and its properties can be found at: www.fprop.com. To receive RNS alerts by email please subscribe here.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
| a) | Name | Jeremy Barkes | ||||||||
| 2 | Reason for the notification | |||||||||
| a) | Position/status | PDMR | ||||||||
| 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 | Transfer of Ordinary Shares | ||||||||
| c)
| Price(s) and volume(s)
|
| ||||||||
| d)
| Aggregated information (if any)
- Aggregated volume
- Price |
95,800
13.02p | ||||||||
| e) | Date of transaction | 17 September 2024 | ||||||||
| f) | Place of the transaction | London Stock Exchange | ||||||||
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