TIDMFPO

RNS Number : 8746N

First Property Group PLC

27 September 2023

 
 Date:           27 September 2023 
 On behalf of:   First Property Group plc ("First Property", 
  Embargoed:      the "Company" or the "Group") 
                  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] 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 
  Laura James (Finance Director)                    investor.relations@fprop.com 
  Jeremy Barkes (Director, Business Development) 
  Jill Aubrey (Director, Company Secretary) 
 
 Allenby Capital (Nominated Adviser                Tel: + 44 (20) 3328 5656 
  & Broker) 
 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 . To receive RNS alerts by email please subscribe here .

[i] 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 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

RAGSEFFEWEDSEIU

(END) Dow Jones Newswires

September 27, 2023 08:54 ET (12:54 GMT)

First Property (LSE:FPO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas First Property.
First Property (LSE:FPO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas First Property.