First Property Group PLC Result of AGM (8746N)
September 27 2023 - 8:54AM
UK Regulatory
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)
Historical Stock Chart
From Apr 2024 to May 2024
First Property (LSE:FPO)
Historical Stock Chart
From May 2023 to May 2024