TIDMPHP

RNS Number : 4423H

Primary Health Properties PLC

27 July 2023

Primary Health Properties PLC

PDMR dealing

On 25 July 2023, the Remuneration Committee of Primary Health Properties PLC (the "Company" or "PHP") made the following award of nil-cost options under the Company's 2021 Long-term Incentive Plan ("LTIP") to a Person Discharging Managerial Responsibilities ("PDMR"):

 
 PDMR           Number of shares under 
                 option 
 Toby Newman    88,737 
               -----------------------

The number of nil-cost options was calculated by reference to a price of GBP1.08, 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 (to align with grants previously made under the LTIP this year).

The nil-cost options will normally vest on the third anniversary of grant (treated as 27 February 2023 to align with grants previously made under the LTIP this year), 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 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                                       Toby Newman 
       -----------------------------------------  -------------------------------- 
 2      Reason for the notification 
       --------------------------------------------------------------------------- 
 (a)    Position/status                            Company Secretary & Chief 
                                                    Legal 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               Ordinary shares of 12.5p 
         instrument                                 ISIN: GB00BYRJ5J14 
       -----------------------------------------  -------------------------------- 
 (b)    Nature of the transaction                  Award of nil-cost options 
                                                    over the Company's ordinary 
                                                    shares 
       -----------------------------------------  -------------------------------- 
 (c)    Aggregated information                     Price(s)         Volume(s) 
         Price(s) and volume(s) 
       -----------------------------------------  ---------------  --------------- 
   Nil cost                                                         88,737 
  ---------------------------------------------------------------  --------------- 
 (d)    Aggregated volume price                    Single transaction: N/A 
       -----------------------------------------  -------------------------------- 
 (e)    Date of transaction                        26 July 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                            Richard Howell 
  Chief Executive Officer                Chief Financial Officer 
  Tel: +44 (0) 7973 344 768              Tel: +44 (0) 776 6072 
                                         272 
 David Rydell / Jamie Hooper / Hannah 
  Ratcliff / Verity Parker (Buchanan 
  Communications) 
  Tel: +44 (0) 20 7466 5066

Legal Entity Identifier: 213800Y5CJHXOATK7X11

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END

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(END) Dow Jones Newswires

July 27, 2023 07:25 ET (11:25 GMT)

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