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

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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; [email protected]

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