Primary Health Properties PLC Director/PDMR Shareholding
May 09 2024 - 9:00AM
RNS Regulatory News
RNS Number : 8435N
Primary Health Properties PLC
09 May 2024
Primary Health Properties
PLC
PDMR
dealing
On 8 May 2024, 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
|
Mark Davies
|
886,824
|
The number of nil-cost options was
calculated by reference to a price of £0.9472, being the average of
the closing middle market quotations for the Company's ordinary
shares on 7 May 2024, 3 May 2024 and 2 May 2024.
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 2023 Report and Accounts.
Details of the transaction
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
|
Mark Davies
|
2
|
Reason for the notification
|
(a)
|
Position/status
|
Chief Executive 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
|
Ordinary shares of 12.5p
ISIN: GB00BYRJ5J14
|
(b)
|
Nature of the transaction
|
Award of nil-cost options over the
Company's ordinary shares
|
(c)
|
Price(s) and volume(s)
|
Price(s)
|
Volume(s)
|
Nil cost
|
886,824
|
(d)
|
Aggregated volume price
|
Single transaction: N/A
|
(e)
|
Date of transaction
|
8 May 2024
|
(f)
|
Place of transaction
|
n/a
|
More information on Primary Health
Properties PLC can be found on www.phpgroup.co.uk
Further details:
Richard Howell
Chief Financial Officer
Tel: +44 (0) 776 6072 272
|
Toby Newman
Company Secretary & Chief Legal
Officer
Tel: +44 (0) 772 9047 959
|
David Rydell / Stephanie Whitmore
(Buchanan Communications)
Tel: +44 (0) 20 7466 5066
|
|
Legal Entity Identifier:
213800Y5CJHXOATK7X11
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