REG - Primary Health Props - Director/PDMR Shareholding
Primary Health Properties PLC
Director's & PDMR dealings
On 12 May 2021, the remuneration committee of Primary Health Properties PLC (the "Company" or "PHP") made the following awards of nil-cost options under the Company's 2021 Long-term Incentive Plan ("LTIP") to a Director and Persons Discharging Managerial Responsibilities ("PDMR's").
Director
Number of shares under option
Richard Howell
266,904
PDMR
Christopher Santer
150,467
David Bateman
143,461
The number of nil-cost options were calculated by reference to a price of £1.50, being the average of the middle market quotation for the Company's ordinary shares between Friday 7 May 2021 and Tuesday 11 May 2021.
The nil-cost options will normally vest on the third anniversary of grant, subject to the attainment of performance conditions. The remuneration committee has the discretion to adjust the awards downwards at vesting for malus reasons. Details of the operation of the LTIP are set out in the Company's 2020 Report and Accounts.
Details of the transactions referenced above are included below in accordance with the under Article 19 of the retained EU law version of the Market Abuse Regulation (Regulation 596/2014).
1
Details of Person Discharging Managerial Responsibility/person closely associated with them ("PCA")
(a)
Name
Richard Howell
2
Reason for the notification
(a)
Position/status
Chief Financial Officer
(b)
Initial notification/ amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)
Name of Entity
Primary Health Properties PLC
(b)
Legal Entity Identifier
213800Y5CJHXOATK7X11
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date: and (iv) each place where transactions have been conducted
(a)
Description of the financial instrument
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
(b)
Nature of the transaction
Award of nil-cost options over the Company's ordinary shares
(c)
Aggregated information
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
266,904
(d)
Aggregated volume price
Single transaction: N/A
(e)
Date of transaction
12 May 2021
(f)
Place of transaction
n/a
1
Details of Person Discharging Managerial Responsibility/person closely associated with them ("PCA")
(a)
Name
Chris Santer
2
Reason for the notification
(a)
Position/status
PDMR
(b)
Initial notification/ amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)
Name of Entity
Primary Health Properties PLC
(b)
Legal Entity Identifier
213800Y5CJHXOATK7X11
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date: and (iv) each place where transactions have been conducted
(a)
Description of the financial instrument
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
(b)
Nature of the transaction
Award of nil-cost options over the Company's ordinary shares
(c)
Aggregated information
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
150,467
(d)
Aggregated volume price
Single transaction: N/A
(e)
Date of transaction
12 May 2021
(f)
Place of transaction
N/A
1
Details of Person Discharging Managerial Responsibility/person closely associated with them ("PCA")
(a)
Name
David Bateman
2
Reason for the notification
(a)
Position/status
PDMR
(b)
Initial notification/ amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
(a)
Name of Entity
Primary Health Properties PLC
(b)
Legal Entity Identifier
213800Y5CJHXOATK7X11
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date: and (iv) each place where transactions have been conducted
(a)
Description of the financial instrument
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
(b)
Nature of the transaction
Award of nil-cost options over the Company's ordinary shares
(c)
Aggregated information
Price(s) and volume(s)
Price(s)
Volume(s)
Nil cost
143,461
(d)
Aggregated volume price
Single transaction: N/A
(e)
Date of transaction
12 May 2021
(f)
Place of transaction
n/a
More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk
Further details:
Harry Hyman
Chief Executive Officer
Tel: +44 (0) 20 7451 7050
Steven Owen
Chairman
Tel: +44 (0) 20 7451 7050
Richard Howell
Chief Financial Officer
Tel: +44 (0) 20 7104 5599
David Rydell / Steph Watson (Buchanan Communications)
Tel: +44 (0) 20 7466 5066
Legal Entity Identifier: 213800Y5CJHXOATK7X11
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