FIRST PROPERTY GROUP PLC — Director's Dealing 2019

Jan 7, 2019

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RNS Number : 4216M

First Property Group PLC

07 January 2019

Date:	7 January 2019
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 4 January 2019 that Jill Aubrey, a director of First Property Asset Management Ltd, has exercised 15,000 options over ordinary shares of 1p each ("Ordinary Shares"). These options were granted pursuant to the First Property Group share option scheme at an exercise price of 16.50 pence per Ordinary Share and were sold at 52 pence per Ordinary Share.

Following these sales the number of outstanding share options over Ordinary Shares has reduced to 2,610,000.

In order to exercise these options 15,000 Ordinary Shares were sold by the Company from Treasury, resulting in the total number of issued and fully paid Ordinary Shares increasing to 111,343,003. Under the Financial Conduct Authority's Disclosure and Transparency rules the figure of 111,343,003 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. The number of Ordinary Shares in Treasury reduced to 5,258,112.

-Ends-

For further information please contact:

First Property Group plc	Tel: +44 (20) 7340 0270
Ben Habib (Chief Executive Officer) George Digby (Group Finance Director) Jeremy Barkes (Director, Business Development)	www.fprop.com investor.relations@fprop.com
Arden Partners (NOMAD & Broker)	Tel: + 44 (20) 7614 5900
John Llewellyn-Lloyd Ben Cryer
Newgate Communications (PR)	Tel: +44 (20) 3757 6880
Robin Tozer / Fiona Norman / Tom Carnegie	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. It has grown its adjusted net assets, together with dividends paid, by some 28% on an annualised basis since 2006.

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 nine directly held properties in Poland and Romania and non-controlling interests in nine of the twelve funds managed by FPAM.

Listed on AIM the Company has offices in London, Warsaw and Bucharest. Around one third of the shares in the Company are owned by management and their families. Further information about the Company and its products can be found at: 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

Jill Aubrey

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

Identification code

Ordinary Shares of 1p

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)
16.5p	15,000

Disposal of Ordinary Shares

Price(s)	Volume(s)
52p	15,000

d)

Aggregated information (if any)

- Aggregated volume

- Price

Exercise of options over Ordinary Shares

Aggregate volume: 15,000

Aggregate Price: 16.5p

Disposal of Ordinary Shares

Aggregate volume: 15,000

Aggregate Price: 52p

e)

Date of transaction

28 December 2018

f)

Place of the transaction

AIMX

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