Director/PDMR Shareholding

RNS Number : 5403A

Primary Health Properties PLC

09 October 2009

 



9 October 2009

Primary Health Properties PLC (the "Company")

Following the completion of the firm placing and placing and open offer by the Company, the Company was advised on 8 October 2009 of the following dealings in ordinary shares of 50 pence each in the share capital of the Company ("Ordinary Shares") by Harry Hyman, Managing Director of the Company, and by Nexus Group Holdings Limited ("NGHL"), a party connected to Mr Hyman. Mr Hyman is deemed to be non-beneficially interested in the Ordinary Shares held by NGHL and by other directors of the Nexus Group of companies.

On 7 October 2009, Mr Hyman acquired his full basic entitlement under the open offer of 9,394 Ordinary Shares at a price of 230 pence per share.

On 7 October 2009, NGHL acquired its full basic entitlement under the open offer of 456,332 Ordinary Shares at a price of 230 pence. In addition, NGHL acquired a further 869,565 Ordinary Shares at a price of 230 pence per share as part of the firm placing. As disclosed in the Company's prospectus dated 18 September 2009, on 7 October 2009, NGHL carried out its stated intention of selling all 869,565 Ordinary Shares it had acquired in the firm placing, at a price of 288 pence per share, and simultaneously entered into a contract for difference over the same number of Ordinary Shares at a price of 288 pence per share.

In addition, other connected persons of Mr Hyman (being other directors of the Nexus Group of companies) acquired, in aggregate, 180,609 Ordinary Shares under the firm placing and the open offer. 

Following these dealings, the revised shareholdings and interests of Mr Hyman, NGHL and other connected persons of Mr Hyman are as follows:

Mr Hyman now has a beneficial holding of 56,376 Ordinary Shares, representing approximately 0.09 per cent. of the issued share capital of the Company. 

NGHL now has a direct holding of 2,739,242 Ordinary Shares and a contract for difference over 869,565 Ordinary Shares, representing, in aggregate, approximately 5.88 per cent. of the issued share capital of the Company.

Connected persons of Mr Hyman now have a direct holding of, in aggregate, 292,553 Ordinary Shares, representing approximately 0.48 per cent. of the issued share capital of the Company.

In total, therefore, Mr Hyman has a beneficial and non-beneficial interest over 3,957,736 Ordinary Shares, representing approximately 6.45 per cent. of the issued share capital of the Company.

The 2,739,242 Ordinary Shares directly held by NGHL remain subject to a debenture and fixed charge over its assets to its bank.

Contact details

Rachel Butlin 

Company Secretary,

J O Hambro Capital Management Limited
0207 747 5680

 

END

 

 

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