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PHPROP:  2,153   0 (0.00%)  01/01/1970 00:00


Release Date: 02/11/2023 09:00
Code(s): PHP     PDF:  
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Chairman Appointment

Primary Health Properties PLC
(Incorporated in the United Kingdom)
Company Number: 3033634
LSE Share Code: PHP
JSE Share Code: PHP

Primary Health Properties PLC
Chairman Appointment

Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern
primary healthcare facilities, is pleased to announce, after consultation with a number of the Group's
major shareholders, the appointment of Harry Hyman, Founder and Chief Executive Officer ("CEO") of
PHP, as Non-executive Chairman subject to shareholder approval at, and with effect from the
conclusion of, its Annual General Meeting to be held on 24 April 2024 ("2024 AGM").

Harry will succeed Steven Owen who, as previously announced, will remain as Chairman until the
conclusion of the 2024 AGM. On 4 September 2023 it was announced that Mark Davies will succeed
Harry Hyman as CEO upon the conclusion of the 2024 AGM.

The Board believes that Harry Hyman's appointment is in the best interests of the Group and all of its
stakeholders, particularly as Harry's knowledge and expertise gained over nearly 30 years in the
primary care property sector will continue to be invaluable and highly relevant to the Group's future
success. The Board has determined that the term will be a maximum of three years.

The Board is starting a process to recruit a fourth independent, Non-executive director.

Ian Krieger, Senior Independent Director, commented:

"On behalf of the Board I would like to express our thanks to Steven Owen, who will be retiring from the
Board at the 2024 AGM after six years as Chairman having previously served for four years as a Non-
executive director. Steven has led the Board with great skill and his contribution to the success of PHP
has been immense.

"I am delighted that Harry has agreed to succeed Steven as Chairman and together with our new CEO
Mark Davies, Chief Financial Officer Richard Howell, and Chief Investment Officer David Bateman,
Primary Health Properties will have in place a formidable leadership team that will continue to build on
the success of the business."

There are no other matters that require disclosure under 9.6.13R of the UK Listing Rules.


Further details:

Ian Krieger
Senior Independent Director
Tel: + 44 (0) 203 8241 841

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

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:

United Kingdom
2 November 2023

Sponsor: PSG Capital

Date: 02-11-2023 09:00:00
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