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: [phone]	Steven Owen Chairman Tel: [phone]
Richard Howell Chief Financial Officer Tel: [phone]
David Rydell / Steph Watson (Buchanan Communications) Tel: [phone]

Legal Entity Identifier: 213800Y5CJHXOATK7X11

 

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