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)

Laura James (Group Finance Director)

Jeremy Barkes (Director, Business Development)

Jill Aubrey (Director, Compliance & Company Secretary)

investor.relations@fprop.com

 



 

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. To receive RNS alerts by email please subscribe here.

 



 

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

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

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

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

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

 

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 or visit 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.
 
END
 
 
DSHBUGDXDGXDGXB