Primary Health Properties PLC Director/PDMR Shareholding
March 06 2024 - 10:30AM
RNS Regulatory News
RNS Number : 8737F
Primary Health Properties PLC
06 March 2024
Primary Health Properties
PLC
Director's & PDMR
Dealings - LTIP Vesting
Primary Health Properties PLC (the
"Company" or "PHP"), one of the UK's leading investors in modern
primary healthcare facilities, announces that Richard Howell, Chief
Financial Officer, together with certain other persons discharging
managerial responsibility ("PDMRs") and employees have received
Ordinary Shares of 12.5 pence each in the Company ("Ordinary
Shares") under the terms of the Company's Long-Term Incentive Plan
("LTIP") (the "Vesting").
The awards vested on 6 March 2024
for nil consideration pursuant to a conditional award made on 12
May 2021. For Mr Bateman and Mr Austin, the number of
Ordinary Shares which vested is stated after the deduction of the
relevant taxation and National Insurance charges. No such deduction
applies for Mr Howell, by whom relevant taxation and National
Insurance charges will be paid separately.
Director
|
Number of shares vesting
|
Richard Howell
|
25,081
|
PDMR
|
|
David Bateman
|
7,144
|
David Austin
|
3,072
|
All Ordinary Shares in connection
with the Vesting will be transferred to the relevant individuals
from the Company's employee benefit trust ("EBT"), save for those
to which Mr Howell is entitled, which will be retained in the EBT
for a further two years under deferred payment arrangements
relating to him.
Details of the operation of the LTIP
are set out in the Company's 2022 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 the person discharging managerial
responsibilities/persons closely associated
|
(a)
|
Name
|
Richard Howell
|
2
|
Reason for 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
|
Primary Health Properties
PLC
|
(b)
|
LEI
|
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, type of instrument and identification code
|
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
|
(b)
|
Nature of transaction
|
Vesting of conditional share awards
under the Company's LTIP
|
(c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil cost
|
25,081
|
(d)
|
Aggregated Information
|
Single transaction: N/A
|
(e)
|
Date of transaction
|
6 March 2024
|
(f)
|
Place of transaction
|
London Stock Exchange
(XLON)
|
1
|
Details of the person discharging managerial
responsibilities/persons closely associated
|
(a)
|
Name
|
David Bateman
|
2
|
Reason for 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
|
Primary Health Properties
PLC
|
(b)
|
LEI
|
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, type of instrument and identification code
|
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
|
(b)
|
Nature of transaction
|
Vesting of conditional share awards
under the Company's LTIP and transfer of Ordinary Shares to the
PDMR
|
(c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil cost
|
7,144
|
(d)
|
Aggregated Information
|
Single transaction: N/A
|
(e)
|
Date of transaction
|
6 March 2024
|
(f)
|
Place of transaction
|
London Stock Exchange
(XLON)
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
(a)
|
Name
|
David Austin
|
2
|
Reason for 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
|
Primary Health Properties
PLC
|
(b)
|
LEI
|
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, type of instrument and identification code
|
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
|
(b)
|
Nature of transaction
|
Vesting of conditional share awards
under the Company's LTIP and transfer of Ordinary Shares to the
PDMR
|
(c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil cost
|
3,072
|
(d)
|
Aggregated Information
|
Single transaction: N/A
|
(e)
|
Date of transaction
|
6 March 2024
|
(f)
|
Place of transaction
|
London Stock Exchange
(XLON)
|
More information on Primary Health
Properties PLC can be found on www.phpgroup.co.uk
Further details for enquiries:
Harry Hyman
Chief Executive Officer
Tel: +44 (0) 7973 344768
|
Steven Owen
Chairman
Tel: +44 (0) 203 8241 841
|
Richard Howell
Chief Financial Officer
Tel: +44 (0) 7766 072272
|
|
David Rydell / Stephanie Whitmore
(Buchanan Communications)
Tel: +44 (0) 20 7466 5066
|
|
Legal Entity Identifier:
213800Y5CJHXOATK7X11
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