Business
Exercise of Options
Exercise of Options.
About this update from First Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 3079F First Property Group PLC 21 April 2011 \n \n\n\n\n\n\nDate\n\n\n21 April 2011\n\n\n\n\nOn behalf of\n\n\nFirst Property Group plc ('First Property', the 'Group' or the 'Company')\n\n\n\n\nEmbargoed\n\n\nImmediate Release\n\n\n\n\n \n \nFirst Property Group plc\nExercise of Options \n \nThe Board of First Property Group plc (AIM: FPO) announces that on 20 April 2011 Mr Philip Moore, managing director of First Property Services Limited (which is no longer a subsidiary of the Company), has exercised options to subscribe for 70,000 Ordinary Shares in the Company of 1p each (\"Ordinary Shares\"). The option exercise price was 14.75 pence per share. \n \nApplication has been made for the 70,000 Ordinary Shares to be admitted to AIM, with trading expected to commence on or around 3 May 2011 (\"Admission\"). Upon Admission, these shares will rank pari passu in all respects with the existing Ordinary Shares of the Company. \n \nFollowing these transactions, First Property has in issue (excluding the total of 3,804,614 ordinary shares now held in treasury) 111,046,501 Ordinary Shares. The figure of 111,046,501 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules. \n \n-Ends- \n \nFor further information please contact:\n \n\n\n\n\nFirst Property Group plc\n\n\nTel: 020 7340 0270\n\n\n\n\nBen Habib (Chief Executive)\n\n\nwww.fprop.com \n\n\n\n\nJeremy Barkes (Director, FJB Capital Advisers)\n \n\n\[email protected] \n\n\n\n\nArden Partners\n\n\nTel: 020 7614 5900\n\n\n\n\nChris Hardie (Director Corporate Finance ) \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRedleaf Polhill\n\n\nTel: 020 7566 6700\n\n\n\n\nMike Ward\n\n\[email protected] \n\n\n\n\n \nNotes to investors and editors:\n \nFirst Property Group plc is a commercial property fund manager with operations in the United Kingdom and Central Europe. The performance of its funds under management ranked No.1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009. \n \nThe business model of First Property Group is:\n \n· &n...