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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Primary Health Prop | AQSE:PHP.GB | Aquis Stock Exchange | Ordinary Share | GB00BYRJ5J14 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.73 | -1.87% | 90.75 | 86.25 | 95.25 | 93.55 | 90.575 | 92.475 | 0.00 | 15:45:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPHP
RNS Number : 6181Q
Primary Health Properties PLC
30 November 2016
30 November 2016
Primary Health Properties PLC ("PHP" or the "Company")
Directors Interest in Shares
Primary Health Properties PLC, the UK's leading investor in modern primary healthcare facilities, announces that it has been notified by Harry Hyman, Managing Director of PHP of a change to his indirect beneficial and non-beneficial interest in the Company.
The change in his interest in the Company arises as a consequence of a change in the ownership of Nexus Investco Limited ("Nexus"), of which Mr Hyman and his family have a controlling interest, and which holds 16,000,000 ordinary shares of 12.5p in the capital of PHP ("PHP shares"). As part of a reorganisation of the capital of Nexus, 3,675,291 PHP shares held by Nexus are being distributed to the other shareholders in Nexus not including Mr Hyman or his family (the "Transaction").
Following the Transaction, Mr Hyman and his family will own all of the shares in Nexus and Nexus' total interest in PHP will be 12,324,709 shares representing 2.06% of the current issued share capital of the Company, a reduction of 0.61%.
Mr Hyman's total beneficial interest, including that of his wife Anita Hyman, in PHP's shares will increase to 2,867,492 PHP share (representing 0.48% of the current issued share capital) (previously 2,656,127 or 0.44%), an increase of 0.04% comprised of 2,455,912 PHP shares (previously 2,244,547) held via Nexus, 35,476 PHP shares (unchanged) held by Anita Hyman and a direct holding of 376,104 PHP shares (unchanged) held by Mr Hyman.
At the same time, Mr Hyman's non beneficial interest in PHP shares held by Nexus has reduced from 13,755,453 to 9,868,797 (representing 1.65% of the current issued share capital of the Company, previously 2.3%) to reflect the distribution of PHP shares to other shareholders in Nexus.
For the purposes of this announcement all the transfers in shares associated with the Transaction are deemed to have occurred at a price of 111.6 pence per share.
The PHP shares held by Nexus continue to be subject to a debenture and fixed charge over all of the Nexus' assets. As at the date of this announcement, Nexus has confirmed that it is not in default of any of its banking commitments and that it has no current intention to sell any of its holding. Bank Debt owing is currently GBP2,834,167.
The following information relating to the transaction has today been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation
1 Details of PDMR/person closely associated with them ("PCA") ----- ------------------------------------------------------------------ (a) Name Nexus Investco Limited ----- --------------------------- ------------------------------------- (b) Position/status This notification is being made on behalf of Nexus Investco Limited a PCA of Harry Hyman, Managing Director of Primary Health Properties PLC. ----- --------------------------- ------------------------------------- (c) Initial notification/ Initial notification amendment ----- --------------------------- ------------------------------------- 2 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date: and (iv) each place where transactions have been conducted ----- ------------------------------------------------------------------ (a) Description Ordinary shares of 12.5p of the financial instrument ----- --------------------------- ------------------------------------- (b) Nature of the Exchange of ordinary shares transaction as consideration for buyback of shares in Nexus Investco Limited ----- --------------------------- ------------------------------------- (c) Price(s) and Price(s) Volume(s) volume(s) ----- --------------------------- ------------------ ----------------- GBP1.116 3,675,291 ---------------------------------------------------- ----------------- (d) Aggregated information Single transaction Aggregated volume price ----- --------------------------- ------------------------------------- (e) Date of transaction 30 November 2016 ----- --------------------------- ------------------------------------- (f) Place of transaction London Stock Exchange (xlon) ----- --------------------------- -------------------------------------
More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk
Further details:
Harry Hyman Managing Director Tel: +44 (0) 20 7451 7050 David Rydell / Elizabeth Snow / Eve Kirmatzis Bell Pottinger T +44 (0) 20 3772 2582
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 30, 2016 12:32 ET (17:32 GMT)
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