REG - First Property Group - Grant of options

First PropertyAnnouncement

03/04/2023 07:15

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RNS Number : 0098V  First Property Group PLC  03 April 2023

 

 Date:          3 April 2023
 On behalf of:  First Property Group plc ("First Property", the "Company" or the "Group")
 Embargoed:     0700hrs

 

 

First Property Group plc

Issuance of Director & Employee share options

 

First Property Group plc, the award-winning property fund manager and investor
with operations in the United Kingdom and Central Europe, announces that
options to subscribe for 10,450,000 new ordinary shares in the Company (the
"Ordinary Shares") were granted on 31 March 2023 to employees at an exercise
price of 23.5 pence per Ordinary Share, being the mid-market closing price on
30 March 2023. The options have a term of ten years and any unexercised
options will expire at midnight on 31 March 2033.

 

The options granted will result in an increase from 2,110,000 to 12,560,000 in
the number of outstanding options over Ordinary Shares, representing
approximately 11.33% of the Company's issued share capital.

 

The options vest as follows:

 

·       33.3% on the first anniversary of grant;

 

·       33.3% on the second anniversary of grant; and

 

·       the remainder on the third anniversary of grant.

 

The Board approved the grant of these options to retain and incentivise key
employees.

 

The grants made are as follows:

 

 Directors        No. of options  Exercise price  Option expiry date  Total no. of options now held
 Ben Habib        5,875,000       24 pence        31 March 2033       5,875,000
 Laura James      1,875,000       24 pence        31 March 2033       1,875,000
 Other employees
 Jill Aubrey      875,000         24 pence        31 March 2033       985,000
 Jeremy Barkes    -               -               -                   2,000,000
 Przemek Kiszka   875,000         24 pence        31 March 2033       875,000
 Other Employees  950,000         24 pence        31 March 2033       950,000
 Total            10,450,000                                          12,560,000

 

ENDS

 

For further information please contact:

 

 First Property Group plc                                     Tel: +44 (20) 7340 0270
 Ben Habib (Chief Executive Officer)                          investor.relations@fprop.com (mailto:investor.relations@fprop.com)

 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 Company's shares are owned by management and their families. Further
information about the Company and its properties can be found at:
www.fprop.com (http://www.fprop.com) . To receive RNS alerts by email please
subscribe here
(https://sirius.brighterir.com/public/fprop/news_alerts/email_alerts/register)
.

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name       Position
                                                                   Ben Habib  Chief Executive Officer
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              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  Options over ordinary shares of GBP0.01 each in First Property Group plc

      Identification code

                                                                   Identification code (ISIN) for First Property Group plc ordinary
                                                                   shares: GB0004109889
 b)   Nature of the transaction                                    Grant of options over ordinary shares
 c)   Price(s) and volume(s)                                       Name        Price(s)   Volume(s)
                                                                   Ben Habib  24 pence    5,875,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      31 March 2023
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

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

Options over ordinary shares of GBP0.01 each in First Property Group plc

 

Identification code (ISIN) for First Property Group plc ordinary
shares: GB0004109889

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

 Name        Price(s)   Volume(s)
 Ben Habib  24 pence    5,875,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2023

f)

Place of the transaction

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name         Position
                                                                   Laura James  Finance Director
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              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  Options over ordinary shares of GBP0.01 each in First Property Group plc

      Identification code

                                                                   Identification code (ISIN) for First Property Group plc ordinary
                                                                   shares: GB0004109889
 b)   Nature of the transaction                                    Grant of options over ordinary shares
 c)   Price(s) and volume(s)                                       Name          Price(s)   Volume(s)
                                                                   Laura James  24 pence    1,875,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      31 March 2023
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

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

Options over ordinary shares of GBP0.01 each in First Property Group plc

 

Identification code (ISIN) for First Property Group plc ordinary
shares: GB0004109889

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

 Name          Price(s)   Volume(s)
 Laura James  24 pence    1,875,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2023

f)

Place of the transaction

Outside a trading venue

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name         Position
                                                                   Jill Aubrey  PDMR
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              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  Options over ordinary shares of GBP0.01 each in First Property Group plc

      Identification code

                                                                   Identification code (ISIN) for First Property Group plc ordinary
                                                                   shares: GB0004109889
 b)   Nature of the transaction                                    Grant of options over ordinary shares
 c)   Price(s) and volume(s)                                       Name          Price(s)   Volume(s)
                                                                   Jill Aubrey  24 pence    875,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      31 March 2023
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

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

Options over ordinary shares of GBP0.01 each in First Property Group plc

 

Identification code (ISIN) for First Property Group plc ordinary
shares: GB0004109889

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

 Name          Price(s)   Volume(s)
 Jill Aubrey  24 pence    875,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2023

f)

Place of the transaction

Outside a trading venue

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name            Position
                                                                   Przemek Kiszka  PDMR
 2    Reason for the notification
 a)   Position/status                                              See 1a)
 b)   Initial notification /Amendment                              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  Options over ordinary shares of GBP0.01 each in First Property Group plc

      Identification code

                                                                   Identification code (ISIN) for First Property Group plc ordinary
                                                                   shares: GB0004109889
 b)   Nature of the transaction                                    Grant of options over ordinary shares
 c)   Price(s) and volume(s)                                       Name             Price(s)   Volume(s)
                                                                   Przemek Kiszka  24 pence    875,000
 d)   Aggregated information                                       n/a

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      31 March 2023
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See 1a)

b)

 

Initial notification /Amendment

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

Options over ordinary shares of GBP0.01 each in First Property Group plc

 

Identification code (ISIN) for First Property Group plc ordinary
shares: GB0004109889

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

 Name             Price(s)   Volume(s)
 Przemek Kiszka  24 pence    875,000

d)

Aggregated information

- Aggregated volume

- Price

n/a

e)

Date of the transaction

31 March 2023

f)

Place of the transaction

Outside a trading venue

 

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