21st Sep 2010 15:58
Date: 21 September 2010
On behalf of: First Property Group plc ("First Property" or the "Company")
For immediate release
First Property Group plc
Result of AGM
First Property Group plc (AIM: FPO), the AIM-listed commercial property fund management group, announces that all resolutions proposed at the Company's Annual General Meeting held today were duly passed.
- Ends -
For further information contact:
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First Property Group plc |
Tel: 020 7731 2844 |
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Ben Habib (Chief Executive) Jeremy Barkes (Director, FJB Capital Advisers) |
www.fprop.com |
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Arden Partners |
Tel: 020 7614 5900 |
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Chris Hardie (Director Corporate Finance ) |
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Redleaf Communications |
Tel: 020 7566 6708 |
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Adam Leviton |
Notes to investors and editors
·; First 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 #1 versus the IPD benchmarks for CEE and Poland for the 4 year period to 31 December 2009.
·; The principal business model of First Property Group can be summarised as follows:
o raise third party funds to invest in income producing commercial property;
o co-invest in these funds;
o earn fees for the management of these funds. Fees earned are a function of the value of assets under management as well as the performance of the funds;
o earn a return on its own capital invested in these funds.
·; It also has a 60% shareholding in a mechanical & electrical (M&E) installation and maintenance contractor, First Property Services Limited.
·; Further information about the Company and its products can be found at: www.fprop.com.
Related Shares:
First Property