REG - Primary Health Props - Director/PDMR Shareholding

Primary Health PropertiesAnnouncement

27/07/2023 12:30

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RNS Number : 4423H  Primary Health Properties PLC  27 July 2023

Primary Health Properties PLC

PDMR dealing

On 25 July 2023, the Remuneration Committee of Primary Health Properties PLC
(the "Company" or "PHP") made the following award of nil-cost options under
the Company's 2021 Long-term Incentive Plan ("LTIP") to a Person Discharging
Managerial Responsibilities ("PDMR"):

 PDMR         Number of shares under option
 Toby Newman  88,737

 

The number of nil-cost options was calculated by reference to a price of
£1.08, being the average of the closing middle market quotations for the
Company's ordinary shares on 22 February 2023, 23 February 2023 and 24
February 2023 (to align with grants previously made under the LTIP this
year).

The nil-cost options will normally vest on the third anniversary of grant
(treated as 27 February 2023 to align with grants previously made under the
LTIP this year), 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 2021 Report and Accounts.

Details of the transactions referenced above are included below in accordance
with 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                                     Toby Newman

 2    Reason for the notification
 (a)  Position/status                          Company Secretary & Chief Legal 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)                         Volume(s)

      Price(s) and volume(s)
      Nil cost                                                                  88,737

 (d)  Aggregated volume price                  Single transaction: N/A

 (e)  Date of transaction                      26 July 2023

 (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                                                                Richard Howell

 Chief Executive Officer                                                    Chief Financial Officer

 Tel: +44 (0) 7973 344 768                                                  Tel: +44 (0) 776 6072 272

 David Rydell / Jamie Hooper / Hannah Ratcliff / Verity Parker  (Buchanan
 Communications)

 Tel: +44 (0) 20 7466 5066

 

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 

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