Primary Health Properties PLC Result of Meeting (4661K)
04 January 2021 - 11:28PM
UK Regulatory
TIDMPHP
RNS Number : 4661K
Primary Health Properties PLC
04 January 2021
4 January 2021
Primary Health Properties PLC
("PHP" or the "Company")
Result of General Meeting
Further to the announcement on 10 December 2020 in relation to
the proposed management internalisation and adoption of the New
Articles, all of the resolutions put to shareholders required to
effect the Internalisation and approve the adoption of the New
Articles (as set out in full in the Notice of General Meeting
issued on 11 December 2020) were duly passed.
Any proxy votes which were at the discretion of the Chairman
have been included in the "For" total
Full details of the results are set out below.
Resolution Votes For % Votes % Total Votes Vote withheld %
Against Validly
Cast
Approval of
substantial
property acquisition
from Harry
Hyman, allotment
of shares
and remuneration
1. policy 759,002,089 99.95 416,356 0.05 781,849,853 22,431,408 2.87
---------------------- ------------ ------ --------- ----- ------------ -------------- ----
Adoption of
new articles
2. of association 773,995,971 99.97 227,114 0.03 783,849,915 9,666,830 1.23
---------------------- ------------ ------ --------- ----- ------------ -------------- ----
Shareholders representing 99.9% of the votes cast voted in
favour of all the resolutions at the GM. Votes 'For' and 'Against'
are expressed as a percentage of the total votes received. 'Votes
Withheld' are not a vote in law and have not been counted in the
calculation of the 'Votes For' and 'Votes Against' the resolutions
or the total number of votes validly cast.
As at close of business on 30 December 2020, being the last for
registration of shareholdings for before the General Meeting, PHP
had 1,315,551,380 Ordinary Shares in issue each carrying one vote
and therefore the total number of voting rights in respect of the
General Meeting is 1,315,551,380. As set out in full in the
Circular, Harry Hyman, who (together with persons closely
associated with him) held 12,897,174 shares at the time of the
General Meeting, voluntarily agreed not to vote on the Acquisition
Resolution.
The voting results will also shortly be available on PHP's
website at www.phpgroup.co.uk/investors .
Applications have been made to the Financial Conduct Authority
(the "FCA") and the London Stock Exchange plc (the "LSE")
respectively for the admission of 11,485,080 new Ordinary Shares
("New Shares") pursuant to the terms of the Share Purchase
Agreement to the premium listing segment of the Official List of
the FCA and to trading on the main market for listed securities of
the LSE (together, "Admission").
Admission of the New Shares is expected to be effective on 6
January 2021. Following admission and in accordance with the
Disclosure and Transparency Rules of the Financial Conduct
Authority, the Company will have 1,327,036,460 Ordinary Shares in
issue, each share carrying the right to one vote. The Company does
not hold any shares in treasury.
The above figure of 1,327,036,460 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculation
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Disclosure Guidance and Transparency Rules of
the Financial Conduct Authority.
Capitalised terms used but not defined in this announcement have
the meanings given to them in the circular published by the Company
on 11 December 2020.
Legal Entity Identifier: 213800Y5CJHXOATK7X11
For further information contact:
Primary Health Properties PLC
Steven Owen, Chairman
Paul Wright, Company Secretary 020 7451 7050
Numis Securities Limited (Joint Sponsor, Financial
Adviser and Broker)
James Black / Kevin Cruickshank / Huw Jeremy 020 7260 1000
Peel Hunt LLP (Joint Sponsor, Financial Adviser
and Broker)
Capel Irwin / Carl Gough / Harry Nicholas 020 7418 8900
Buchanan
David Rydell / Steph Watson / Tilly Abraham 0207 466 5066
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END
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