REG - Primary Health Props - Purchase of Shares by Employee Benefit Trust

Primary Health PropertiesAnnouncement

08/11/2023 10:00

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RNS Number : 6986S  Primary Health Properties PLC  08 November 2023

Primary Health Properties PLC

Purchase of Shares by Employee Benefit Trust

 

Primary Health Properties PLC ("PHP", the "Company" or the "Group"), one of
the UK's leading investors in modern primary healthcare facilities, has been
notified by VG Corporate Trustee Limited (the "Trustee"), which administers
the Primary Health Properties PLC Employee Benefit Trust (the "Trust"), that
it has, on the Trust's behalf, made market purchases (the "Market Purchases")
of 567,000 Ordinary Shares of 12.5 pence each in the Company (the "Shares") at
a price of £0.970.

The Trust was established in 2021 for the benefit of the Group's employees
(including PDMRs).

The Market Purchases have been funded by the Company by way of a loan.

The Shares will be held in the Trust as unallocated to employees and PDMRs and
used to meet future obligations arising under the Company's share schemes and
share plans, including share awards made to PDMRs of the Company.

As at 8 September 2023 the total number of Ordinary Shares of 12.5 pence each
in the Company held by the Trust is 863,575 Ordinary Shares, representing
approximately 0.065% of the Company's total voting rights. The issued share
capital in the Company remains unchanged at 1,336,493,786 Ordinary Shares.

 

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) 7973 344768
 Richard Howell

 Chief Financial Officer

 Tel: +44 (0) 7766 072272
 David Rydell/Stephanie Whitmore/Verity Parker (Buchanan Communications)

 Tel: +44 (0) 20 7466 5000

 

 

Notes to Editors

Primary Health Properties (LSE and JSE: PHP) is a leading investor in modern
primary healthcare properties across the UK and Ireland. Since listing on the
London Stock Exchange ("LSE") in 1998, it has created progressive returns for
shareholders through a combination of rental growth and capital appreciation,
generating 27 years of consecutive dividend growth.

Its primary listing is on the Premium Segment of the LSE and is included on
the FTSE 250 Index. It has a secondary listing on the South African JSE
LIMITED ("JSE").

The Group owns and manages a £2.8 billion portfolio of healthcare assets that
generate strong, high quality rent roll of just under £150 million. Its
internal management team delivers sector leading financial management, with
the lowest peer cost ratios. In particular, PHP is positioned for growth in
the emerging Irish market following its 2023 acquisition of Axis Technical
Services, the Irish property management business.

PHP's long-term leases offer unique security with c.90% of rental income
directly or indirectly backed by the government, via the NHS in the UK or HSE
in Ireland. Growing and ageing patient populations are placing increasing and
significant pressure on the government's under-invested healthcare systems;
the provision of better front line primary care offers a proven solution. The
Board has a strong commitment to responsible growth and has set out a clear
plan to transition operational, development and asset management activities to
Net Zero Carbon by 2030.

Further information about PHP can be found here: https://www.phpgroup.co.uk/
(https://www.phpgroup.co.uk/)

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 

 

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