Director/PDMR Shareholding

RNS Number : 9359J

Primary Health Properties PLC

08 April 2010

 



Primary Health Properties PLC ("the Company")

8 April 2010

The Company has been informed that Nexus Group Holdings Limited ("NGHL"), a company controlled by Harry Hyman and family interests of Harry Hyman, has today converted its interest in 869,565 Ordinary Shares held in the form of a contract for difference into a direct shareholding in the Company. The contract for difference was closed out at 300 pence per Ordinary Share and the shares were purchased also at a price of 300 pence per Ordinary Share.   

Harry Hyman's and NGHL's resultant beneficial and non-beneficial interests in the company's issued share capital are unchanged as a consequence of this transaction. Mr Hyman is currently beneficially interested in 49,482 Ordinary Shares and non-beneficially interested in 3,751,554 Ordinary Shares together representing 6.17% of the issued share capital of the Company. Included in these figures is NGHL's direct interest in 3,612,632 and that of other directors of the Nexus Group of companies of 138,922 Ordinary Shares in the Company.

The 3,612,632 Ordinary Shares now held directly by NGHL remain subject to a debenture and fixed charge totaling £4.9m by its lending bank over all of NGHL's assets.

Harry Hyman is Managing Director of the Company, and of Nexus Group Holdings Limited ("NGHL"), a party connected to Mr Hyman. Mr Hyman is therefore deemed to be non-beneficially interested in the Ordinary Shares held by NGHL and by other directors of the Nexus Group of companies.

Contact details

Rachel Butlin

Company Secretary,

J O Hambro Capital Management Limited
0207 747 5680

 

END

 

 

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