By continuing to use this site you consent to the use of cookies on your device. Find out more about our cookie policy and the types of cookies we use by clicking here

Major First Property Shareholder John Kottler Reduces Stake To 8.3% (ALLISS)

LONDON (Alliance News) - First Property Group PLC said Friday major shareholder John Kottler ...

Alliance News 12 January, 2018 | 5:54PM
Email Form

LONDON (Alliance News) - First Property Group PLC said Friday major shareholder John Kottler decreased his stake to 8.3% in a pair of transactions in October and November 2017.

Kottler saw his stake fall below 10% on October 9 and then below 9% on November 21. After the transactions, Kottler held 9.7 million shares in the property fund manager and investor, equivalent to a 8.3% stake in the firm.

Prior to the transactions, Kottler held 12.2 million shares in First Property. According to the company's 2017 annual report, this holding was equivalent to a 10.5% stake in the firm and made Kottler the third largest shareholder in the firm as of July 14, 2017.

Shares in First Property closed 2.7% lower at 47.20 pence on Friday.

By Ahren Lester; ahrenlester@alliancenews.com.

Copyright 2018 Alliance News Limited. All Rights Reserved.

Email Form
Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
First Property Group PLC 46.00 GBX 0.66 -
About Author Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.