Primary Health Properties PLC Secondary Listing on the JSE (4837L)
September 06 2023 - 2:00AM
UK Regulatory
TIDMPHP
RNS Number : 4837L
Primary Health Properties PLC
06 September 2023
6 September 2023
Primary Health Properties PLC
("PHP", the "Company" or the "Group")
Secondary listing on the Johannesburg Stock Exchange
Primary Health Properties plc (LSE: PHP), one of the UK's
leading investors in modern primary healthcare facilities,
announces that it is in the process of applying for a secondary
inward listing on the Main Board of the Johannesburg Stock Exchange
(JSE) by way of an introduction. The listing of PHP on the JSE is
expected to become effective in October 2023, subject to various
regulatory approvals in South Africa.
The Company will not place or issue any new PHP shares in
connection with its application for a secondary listing on the JSE
and will remain listed on the premium segment of the Official List
in London. PSG Capital Proprietary Limited have been appointed as
Corporate Advisor and Sponsor.
PHP believes that admission to trading of the shares on the JSE
will be beneficial to the Company and its stakeholders. The Board
of PHP believes that the secondary listing can be expected to
contribute to liquidity in the Group's shares through its increased
profile in the South African market, where a number of investors
have already shown strong interest in investing in PHP, driven by
its high-quality, government-backed income stream and robust
operating model.
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 344768 Tel: +44 (0) 7766 072272
David Rydell / Jamie Hooper / H annah
Ratcliff / Verity Parker
(Buchanan Communications)
Tel: +44 (0) 20 7466 5066
Legal Entity Identifier: 213800Y5CJHXOATK7X11
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