Director/PDMR Shareholding

RNS Number : 1996R
Primary Health Properties PLC
27 February 2023
 

Primary Health Properties PLC

Director's & PDMR dealings

On 21 February 2023, the remuneration committee of Primary Health Properties PLC (the "Company" or "PHP") made the following awards of nil-cost options under the Company's 2021 Long-term Incentive Plan ("LTIP") to a Director and Persons Discharging Managerial Responsibilities ("PDMR's").

Director

Number of shares under option

Richard Howell

414,874

PDMR


David Bateman

267,363

 

The number of nil-cost options were calculated by reference to a price of £1.08, being  the average of the closing middle market quotations for the Company's ordinary shares on 22 February 2023, 23 February 2023 and 24 February 2023. 

The nil-cost options will normally vest on the third anniversary of grant, subject to the attainment of performance conditions.  The remuneration committee has the discretion to adjust the awards downwards at vesting for malus reasons.  Details of the operation of the LTIP are set out in the Company's 2021 Report and Accounts.

Details of the transactions referenced above are included below in accordance with the under Article 19 of the retained EU law version of the Market Abuse Regulation (Regulation 596/2014).

1

Details of Person Discharging Managerial Responsibility/person closely associated with them ("PCA")

(a)

Name

Richard Howell

 

2

Reason for the notification

(a)

Position/status

Chief Financial Officer

(b)

Initial notification/ amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

(a)

Name of Entity

 

Primary Health Properties PLC

(b)

Legal Entity Identifier

213800Y5CJHXOATK7X11

 

4

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 of the financial instrument

Ordinary shares of 12.5p

ISIN: GB00BYRJ5J14

(b)

Nature of the transaction

Award of nil-cost options over the Company's ordinary shares

 

(c)

Aggregated information

Price(s) and volume(s)

Price(s)

Volume(s)

Nil cost

414,874

 

(d)

Aggregated volume price

Single transaction: N/A

 

(e)

Date of transaction

27 February 2023

 

(f)

Place of transaction

n/a

 

 

 

1

Details of Person Discharging Managerial Responsibility/person closely associated with them ("PCA")

(a)

Name

David Bateman

 

2

Reason for the notification

(a)

Position/status

PDMR

(b)

Initial notification/ amendment

Initial notification

 

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

(a)

Name of Entity

 

Primary Health Properties PLC

(b)

Legal Entity Identifier

213800Y5CJHXOATK7X11

 

4

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 of the financial instrument

Ordinary shares of 12.5p

ISIN: GB00BYRJ5J14

(b)

Nature of the transaction

Award of nil-cost options over the Company's ordinary shares

 

(c)

Aggregated information

Price(s) and volume(s)

Price(s)

Volume(s)

Nil cost

267,363

 

(d)

Aggregated volume price

Single transaction: N/A

 

(e)

Date of transaction

27 February 2023

 

(f)

Place of transaction

n/a

 

 

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) 20 7451 7050

Steven Owen

Chairman

Tel: +44 (0) 20 7451 7050

Richard Howell

Chief Financial Officer

Tel: +44 (0) 203 8333 342


David Rydell / Steph Watson (Buchanan Communications)

Tel: +44 (0) 20 7466 5066


 

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 

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