REG - First Property Group - Exercise of share options and total voting rights

First PropertyAnnouncement

07/04/2022 09:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220407:nRSG6385Ha&default-theme=true

RNS Number : 6385H  First Property Group PLC  07 April 2022

 Date:          7 April 2022
 On behalf of:  First Property Group plc ("First Property", "the Company" or the "Group")
 Embargoed:     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 5
April 2022 that Jeremy Barkes, a director of First Property Asset Management
Ltd and person discharging managerial responsibility, has exercised options
over 500,000 ordinary shares of 1p each in the share capital of the Company
("Ordinary Shares").

 

These options were granted pursuant to the First Property Group share option
scheme at an exercise price of 11.50 pence per Ordinary Share. In order to
meet tax obligations a total of 180,000 were sold at 34.5 pence per Ordinary
Share. Following this exercise, the total number of shares held by Jeremy
Barkes will be 1,583,606.

 

Following these sales the total number of outstanding share options over
Ordinary Shares has reduced to 2,110,000.

 

In order to exercise these options, 500,000 Ordinary Shares were sold by the
Company from Treasury, resulting in the number of Ordinary Shares in Treasury
reducing to 5,718,783.

 

Application has been made for the admission to trading on AIM of the new
Ordinary Shares ("Admission"). The new Ordinary Shares will rank pari passu in
all respects with the Company's existing Ordinary Shares in issue and
Admission is expected to occur on 11 April 2022. Following Admission the total
number of Ordinary Shares with voting rights will increase to 110,882,332.
Under the Financial Conduct Authority's Disclosure Guidance and Transparency
rules the figure of 110,882,332 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.

 

 

 

-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)

 Arden Partners (NOMAD & Broker)                     Tel: + 44 (20) 7614 5900
 John Llewellyn-Lloyd

 Antonio Bossi

 Newgate Communications (PR)                         Tel: +44 (20) 3757 6880
 Robin Tozer / Richard Bicknell / Max Richardson     firstproperty@secnewgate.co.uk (mailto:firstproperty@newgatecomms.com)

 

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. Around
one third of the shares in the Company are owned by management and their
families.

 

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 thirteen
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
include seven directly held properties in Poland and Romania, and interests
in eleven of the thirteen funds managed by FPAM.

 

Listed on AIM the Company has offices in London, Warsaw and Bucharest.
Further information about the Company and its products 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:

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                                      Jeremy Barkes
 2    Reason for the notification
 a)   Position/status                                                           Director, First Property Asset Management Ltd
 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 1p

      Identification code

                                                                                GB0004109889
 b)   Nature of the transaction                                                 Exercise of Options and Disposal of Ordinary Shares
 c)   Price(s) and volume(s)                                                    Exercise of options over Ordinary Shares

Price(s)  Volume(s)
                                                                                11.5p     500,000

 

                                                                                Disposal of Ordinary Shares

Price(s)  Volume(s)
                                                                                34.5p     180,000

 
 d)   Aggregated information (if any)                                           Exercise of options over Ordinary Shares

                                                                                Aggregate volume: 500,000

      - Aggregated volume                                                       Aggregate Price: 11.5p

      - Price                                                                   Disposal of Ordinary Shares

                                                                                Aggregate volume: 180,000

                                                                                Aggregate Price: 34.5p
 e)   Date of transaction                                                       05 April 2022
 f)   Place of the transaction                                                  AIMX

 

Disposal of Ordinary Shares

 Price(s)  Volume(s)
 34.5p     180,000

 

d)

 

Aggregated information (if any)

 

- Aggregated volume

 

- Price

Exercise of options over Ordinary Shares

Aggregate volume: 500,000

Aggregate Price: 11.5p

 

Disposal of Ordinary Shares

Aggregate volume: 180,000

Aggregate Price: 34.5p

e)

Date of transaction

05 April 2022

f)

Place of the transaction

AIMX

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TVREAPLXELAAEEA