PRIMARY HEALTH PROPERTIES PLC - Amendment of exchange price on and redemption of Convertible Bonds

Amendment of exchange price on and redemption of Convertible Bonds

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")



Amendment of exchange price on and redemption of Convertible Bonds

Primary Health Properties PLC, a leading investor in modern primary health facilities,
announces that the exchange price for new ordinary shares of 12.5p each in PHP ("Ordinary
Shares") to be issued in exchange for the preference shares in the Company's wholly owned
subsidiary PHP Finance (Jersey No.2) Limited ("PHP Jersey") (ISIN: XS2016141637) issued
on conversion of the 2.875% Guaranteed Convertible Bonds due 2025 (the "Convertible
Bonds") has been adjusted to £1.2178 per Ordinary Share in accordance with condition 6.3
(D) of the conditions of issue of the Convertible Bonds.

There are currently £150,000,000 nominal of Convertible Bonds outstanding, which mature
on 15 July 2025 and will be repaid from the Company's undrawn headroom under its existing
revolving credit facilities.


Enquiries:

Richard Howell,
Chief Financial Officer
Primary Health Properties PLC
Telephone: +44 (0) 7766 072272

The Company has a primary listing on the London Stock Exchange and a secondary listing
on the JSE Limited.

3 July 2025
United Kingdom

Sponsor: PSG Capital

Date: 03-07-2025 03:00:00
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