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The Board of First Property Group plc declared a second interim dividend of 0.25 pence per share for the year ending 31 March 2023. This dividend will be paid on 5 April 2023 to shareholders on the register as of 17 March 2023, with an ex-dividend date of 16 March 2023. This payment, combined with a previous interim payment of 0.25 pence per share, totals a dividend of 0.50 pence per share for the year, matching the 0.50 pence per share paid in 2022.
| Date | 9 Mar 2023 |
| Time | 07:00:09 |
| Category | Capital structure |
| ID | 3459S |
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information, as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.
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Date: |
9 March 2023 |
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On behalf of: |
First Property Group plc ("First Property", the "Company" or the "Group") |
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Embargoed: |
0700hrs |
First Property Group plc
Declares early final dividend
The Board of First Property Group plc (AIM: FPO) has resolved to pay a second interim dividend of 0.25 pence per share for the year to 31 March 2023. This payment will be made, on 5 April 2023, to shareholders whose names are on the register at close of business on 17 March 2023. This dividend is usually paid in September. It is not expected that any further dividend payments will be made in respect of the year to 31 March 2023.
Combined with the first interim payment of 0.25 pence per share, the Company will have paid a total dividend for the year of 0.50 pence per share (2022: 0.50 pence per share).
The payment schedule is detailed below:
Ex-Dividend Date: 16 March 2023
Record Date: 17 March 2023
Payment date: 5 April 2023
ENDS
For further information please contact:
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First Property Group plc |
Tel: +44 (20) 7340 0270 |
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Ben Habib (Chief Executive Officer) Laura James (Group Finance Director) Jeremy Barkes (Director, Business Development) Jill Aubrey (Director, Compliance & Company Secretary) |
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Allenby Capital (NOMAD & Broker) |
Tel: + 44 (20) 3328 5656 |
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Nick Naylor (Corporate Finance) Daniel Dearden-Williams (Corporate Finance) Amrit Nahal (Sales and Corporate Broking) |
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SEC Newgate (PR) |
Tel: + 44 (20) 3757 6880; |
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Robin Tozer |
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 three directly held properties in Poland, one in Romania, and non-controlling interests in ten 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 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.