Withdrawal of Resolutions from AGM
First Property Group plc has withdrawn Resolutions 7, 8, and 9 from its Annual General Meeting, which were related to the directors' authority to allot shares up to a nominal amount of £492,810, disapplying pre-emption rights for shares up to £295,686, and authorising market purchases of up to 14,784,311 ordinary shares. The Board made this decision after reviewing proxy votes, concluding these resolutions were unlikely to pass, and intends to consult with shareholders before potentially reintroducing them at a future meeting.
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| Date: | 24 September 2026 |
| On behalf of: | First Property Group plc ("First Property", the “Company" or the "Group") |
| Embargoed: | 7.00am |
First Property Group plc
Withdrawal of Resolutions from Annual General Meeting
First Property Group plc (AIM: FPO), the property fund manager and investor, announces that the Board has decided to withdraw Resolutions 7, 8 and 9 from the business of the Company's Annual General Meeting ("AGM"). The AGM will be held at 32 St James's Street, London, SW1A 1HD at noon today, as set out in the Notice of AGM dated 14 August 2026 and contained in the Company's Annual Report and Accounts for the year ended 31 March 2026 (the "Notice").
The withdrawn resolutions are:
Resolution 7, an ordinary resolution to authorise the Directors to allot shares under section 551 of the Companies Act 2006, up to an aggregate nominal amount of £492,810.
Resolution 8, a special resolution to disapply statutory pre-emption rights, including in respect of shares with an aggregate nominal amount of up to £295,686. This resolution was conditional on the passing of Resolution 7.
Resolution 9, a special resolution to authorise the Company to make market purchases of up to 14,784,311 of its own Ordinary Shares.
Having reviewed the proxy votes received ahead of the AGM, the Board has concluded that Resolutions 7, 8 and 9 would be unlikely to receive the majorities required to be passed. The Board has therefore decided to withdraw them. The Board intends to engage with shareholders to understand their views on these authorities and will consider whether to seek them at a future general meeting.
Resolutions 7, 8 and 9 will therefore not be put to the AGM. Resolutions 1 to 6 set out in the Notice are unaffected and will be proposed as ordinary resolutions as originally stated.
Proxy appointments already received remain valid in respect of Resolutions 1 to 6. Any votes lodged on Resolutions 7, 8 and 9 will be disregarded. Shareholders who have already voted do not need to take any further action. The deadline for proxy appointments has now passed. Shareholders who wish to vote on the remaining resolutions and have not already done so may attend the AGM in person. The Board asks that anyone planning to attend pre-registers with the Company Secretary at jill.aubrey@fprop.com.
The Notice is available on the Company's website at www.fprop.com.
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