First Property Group PLC AGM Statement (5741L)
09 Septiembre 2019 - 1:00AM
UK Regulatory
TIDMFPO
RNS Number : 5741L
First Property Group PLC
09 September 2019
Date: 9 September 2019
On behalf of: First Property Group plc ("First Property",
"the Company" or the "Group")
Embargoed: 0700 hours
First Property Group plc
AGM Statement
First Property Group plc (AIM: FPO), the property fund manager
and investor with operations in the United Kingdom and Central
Europe, will hold its Annual General Meeting (AGM) today at 12
noon.
The meeting will be chaired by Peter Moon, the senior
Independent Director, who will make the following statement:
"I am pleased to report that the Group continues to trade well
and in accordance with management's expectations.
"Third party funds under management have increased by around a
third over the past year, as reported in our Preliminary Results,
and stood at GBP617 million as at 31 July 2019 (31 March 2019:
GBP611 million). Total funds under management, including Group
Properties, amounted to GBP716 million as at 31 July 2019 (31 March
2019: GBP706 million).
"Interim results for the six months ended 30 September 2019 are
scheduled to be announced on 21 November 2019."
-Ends-
For further information please contact:
First Property Group plc Tel: +44 (20) 7340 0270
Ben Habib (Chief Executive Officer) www.fprop.com
George Digby (Group Finance Director) investor.relations@fprop.com
Jeremy Barkes (Director, Business
Development)
Arden Partners (NOMAD & Broker) Tel: + 44 (20) 7614 5900
John Llewellyn-Lloyd
Ben Cryer
Newgate Communications (PR) Tel: +44 (20) 3757 6880
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.
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 thirteen 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 wholly owned properties in
Poland and Romania and non-controlling interests in nine of the
thirteen 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.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
AGMSSMFMMFUSEDU
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