Transfer to FTSE 250 and Award Win

RNS Number : 9637L

Primary Health Properties PLC

24 April 2018

 

24 April 2018

Primary Health Properties PLC

Transfer to FTSE 250 and Award Win

Primary Health Properties PLC (the "Company" or "PHP"), the UK's leading investor in modern primary healthcare facilities, is pleased to report that the Company's shares have been  included in the FTSE 250 and FTSE All-Share indices, with effect from 24 April 2018.

Furthermore, PHP is delighted to announce that it has been named by MSCI Inc., a leading provider of research-based indexes and analytics, in association with the Investment Property Forum (IPF), as the winner of the UK Property Investment Award for the highest 10-year risk adjusted total return in the UK market, with an 8.0% total annualised return relative to the IPD benchmark over the measured period.

Following the recent capital raise, the Company can confirm that its total issued share capital is 730,732,852 ordinary shares of 12.5 pence each, with each share carrying the right to one vote. The Company does not hold any shares in treasury. 

This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Harry Hyman, Managing Director, commented:

"I'm delighted that PHP has been included in the FTSE 250 and FTSE All-Share indices and believe the move marks an important milestone in the Company's history. Having first listed the business in 1996, I'm immensely proud of the significant progress that the team has achieved. With a market capitalisation now over £800million and a 21-year track record of unbroken dividend growth, PHP has proven itself as a leading long-term investment opportunity and delivered significant returns to its shareholders.

"In addition, the MCSI award demonstrates the industry-wide recognition of PHP as one of the strongest companies in the property fund sector. The need to deliver an increased number of next-generation health services and modernise primary care has supported the continued success of the business.

"Following the Company's recent oversubscribed capital raise, I believe that PHP is well-positioned to continue this growth and expand its portfolio by executing the £150 million pipeline of acquisition targets, delivering significant value for shareholders."

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

-Ends-

Further details:

Harry Hyman Managing Director Tel: [phone]	Richard Howell Finance Director Tel: [phone]
David Rydell / Steph Watson (Buchanan Communications) Tel: [phone]

 

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