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PRIMARY HEALTH PROPERTIES PLC - Purchase of Shares by Employee Benefit Trust

Release Date: 08/11/2023 12:00
Code(s): PHP     PDF:  
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Purchase of Shares by Employee Benefit Trust

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" or "Group")



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/



United Kingdom
8 November 2023


Sponsor: PSG Capital

Date: 08-11-2023 12:00:00
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