Wrap Text
Public dealing disclosure
Primary Health Properties PLC
(Incorporated in the United Kingdom)
Company Number: 3033634
LSE Share Code: PHP
JSE Share Code: PHP
ISIN Code: GB00BYRJ5J14
LEI: 213800Y5CJHXOATK7X11
("PHP" or the "Company")
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT
(INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: Richard Howell
(b) Owner or controller of interests and short positions
disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient.
For a trust, the trustee(s), settlor and beneficiaries must be
named.
(c) Name of offeror/offeree in relation to whose relevant Primary Health Properties PLC
securities this form relates:
Use a separate form for each offeror/offeree
(d) Status of person making the disclosure: Person acting in concert with the offeror
e.g. offeror, offeree, person acting in concert with the (Primary Health Properties PLC)
offeror/offeree (specify name of offeror/offeree)
(e) Date dealing undertaken: 31 July 2025
(f) In addition to the company in 1(c) above, is the discloser NO
making disclosures in respect of any other party to the
offer?
If it is a cash offer or possible cash offer, state "N/A"
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror
or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the
disclosure relates following the dealing
Class of relevant security: Ordinary Shares of 12.5 pence each
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or 333,571 0.0250 Nil Nil
controlled:
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including
options) and agreements to
purchase/sell:
333,571 0.0250
TOTAL:
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell
relevant securities, should be given on a Supplemental Form 8 (Open Positions).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed
on a Supplemental Form 8 (SBL).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which Ordinary Shares of 12.5 pence each
subscription right exists:
Details, including nature of the rights Options in respect of a total of 1,290,631 ordinary
concerned and relevant percentages: shares, representing 0.0966% of undiluted PHP
share count as a result of the following LTIP awards
and Sharesave scheme:
Vesting date 5 March 2025 for 2022 LTIP award in
respect of 313,745 shares which not yet vested
subject to scheme rules due to close period at
vesting date.
Vesting date 27 February 2026 for 2023 LTIP award
in respect of 414,874 ordinary shares.
Vesting date 7 March 2027 for 2024 LTIP award in
respect of 539,779 ordinary shares.
Vesting date 1 June 2026 for 2023 Sharesave option
in respect of 22,233 ordinary shares with and
exercise price of £0.8096.
3. DEALINGS BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in
1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
(i) Party to an offer or person acting in concert (except for a principal trader in the same group as a
connected adviser)
Class of relevant Purchase/sale Number of securities Price per unit
security
Ordinary shares of Purchase 70,745 £0.961209
12.5p
(ii) Principal trader where the sole reason for the connection is that the principal trader is in the
same group as a connected adviser
Class of relevant Purchases/ sales Total number of Highest price per Lowest price per
security securities unit paid/received unit paid/received
(b) Cash-settled derivative transactions
Class of relevant Product Nature of dealing Number of Price per unit
security description e.g. opening/closing a reference
e.g. CFD long/short position, securities
increasing/reducing a
long/short position
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of Product Writing, Number of Exercise Type Expiry Option
relevant description purchasing, securities price per e.g. date money
security e.g. call selling, to which unit American, paid/
option varying etc. option European received
relates etc. per unit
(ii) Exercise
Class of relevant Product Exercising/ Number of Exercise price per
security description exercised against securities unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant Nature of dealing Details Price per unit (if
security e.g. subscription, conversion applicable)
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or
informal, relating to relevant securities which may be an inducement to deal or refrain from dealing
entered into by the party to the offer or person acting in concert making the disclosure and any other
person:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements,
arrangements or understandings, state "none"
None.
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the party to the
offer or person acting in concert making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative
is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None.
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO
Date of disclosure: 31 July 2025
Contact name: Toby Newman
Telephone number: +44 (0) 7729 047959
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure
requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE Limited.
United Kingdom
01 August 2025
Sponsor: PSG Capital
Date: 01-08-2025 01:19:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
