Primary Health Properties PLC Purchase of Shares by Employee Benefit Trust (6986S)

TIDMPHP

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 GBP0.970.

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 GBP2.8 billion portfolio of healthcare assets that generate strong, high quality rent roll of just under GBP150 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/

Legal Entity Identifier: 213800Y5CJHXOATK7X11

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