REG - First Property Group - Result of AGM

First PropertyAnnouncement

27/09/2023 14:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230927:nRSa8746Na&default-theme=true

RNS Number : 8746N  First Property Group PLC  27 September 2023

 Date:          27 September 2023
 On behalf of:  First Property Group plc ("First Property", the "Company" or the "Group")

 Embargoed:     Immediate release

 

First Property Group plc

Result of AGM

 

First Property Group plc (AIM: FPO), the property fund manager and investor
with operations in the United Kingdom and Central Europe, announces that at
the Company's Annual General Meeting ("AGM") held earlier today, resolutions 1
to 6 were duly passed.  Resolutions 7 and 8 were not passed.

 

Following resolutions 7 and 8 not being passed, the Directors do not currently
have the authority to dis-apply statutory pre-emption rights in respect of new
allotments of shares and the sale of treasury shares  i  (#_edn1) and the
Company does not have authority to make market purchases of its own shares.

 

The Board is committed to engaging in a constructive dialogue with the
Company's shareholders. Following the voting at the AGM, the Board will seek
to engage with those shareholders who are understood to have voted against
certain of the resolutions to understand their views and/or any specific
concerns.

 

The resolutions are set out in full in the Company's Notice of 2023 Annual
General Meeting dated 18 August 2023.

 

-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 (Finance Director)                             investor.relations@fprop.com (mailto:investor.relations@fprop.com)

 Jeremy Barkes (Director, Business Development)

 Jill Aubrey (Director, Company Secretary)

 Allenby Capital (Nominated Adviser & Broker)               Tel: + 44 (20) 3328 5656
 Nick Naylor / Daniel Dearden-Williams (Corporate Finance)

 Amrit Nahal / Tony Quirke (Equity Sales)

 

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 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. Around one third
of the Company's shares are owned by management, directors 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)
.

 i  (#_ednref1) Statutory pre-emption rights do not apply to the allotment of
shares or the sale of treasury shares under an employees' share scheme

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  RAGSEFFEWEDSEIU