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For
immediate release
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23 September
2024
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Primary Health Properties
PLC
('PHP' or
the 'Company')
Inclusion of PHP in the
FTSE/JSE Africa Index Series
PHP, one of the UK's leading investors in modern primary healthcare
facilities, is pleased to announce that,
following its secondary listing on the Main Board of the
Johannesburg Stock Exchange ("JSE") by way of an introduction less
than a year ago, it has now been included in a number of key South
African indices, including the prominent FTSE/JSE All Share index
and All Property index. A full list can be found later in
this announcement.
The inclusion comes at an exciting
time for PHP, as the new Labour Government in the UK has signalled
the need for further capital investment in primary care, and the
Group continues to demonstrate its ability to deliver secure,
reliable earnings growth as the only REIT to offer a high
proportion of income funded by Government bodies at
c.90%.
Mark Davies, Chief Executive Officer ("CEO") of PHP,
commented:
"Achieving a place in the FTSE/JSE
Africa Index Series is testimony to the initiatives that we've
launched to increase liquidity on the JSE and we look forward to
continuing to increase the tradability of the Company's shares. As
we continue to deliver growth for shareholders, we are excited by
the prospect of growing our South African investor base and
providing the JSE investor community with an opportunity to invest
in a first-of-its-kind, United Kingdom-based, primary
healthcare-focused REIT and leading investor in modern primary
healthcare across the United Kingdom and the Republic of
Ireland".
- Ends -
For further information
contact:
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Mark Davies
Chief Executive Officer
Primary Health Properties
PLC
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Richard Howell
Chief Financial Officer
Primary Health Properties
PLC
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Mark Court/Stephanie Whitmore/
Verity Parker
Burson Buchanan
T: +44 (0) 20 7466 5000
E: php@buchanan.uk.com
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Notes to Editors
Indices list:-
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FTSE/JSE Index name
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Index description
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All Share
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The All Share Index represents 99%
of the full market cap value of all eligible securities listed on
the Main Board of the JSE.
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All Property
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The FTSE/JSE All Property Index
consists of all constituents of the FTSE/JSE Shareholder Weighted
All Share Index which belong to the ICB Real Estate Industry
(35).
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Capped Property
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The Capped Property Index comprises
the top 20 liquid companies, by full market cap, in the ICB Real
Estate Industry (35), capped at 15% at each quarterly
review.
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Tradeable Property
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The FTSE/JSE Tradable Property Index
consists of the FTSE/JSE Large & Mid Cap Index constituents of
the FTSE/JSE All Property Index, which belong to the ICB Real
Estate Industry (35).
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Notes to Editors
The above inclusions follow the
recent quarterly review of the FTSE/JSE Africa Index Series and are
effective today, Monday 23 September 2024.
Primary Health Properties (LSE and
JSE: PHP) is a leading investor in modern primary healthcare
properties across the UK and Ireland. Since listing on the London
Stock Exchange ("LSE") in 1998, it has created progressive returns
for shareholders through a combination of rental growth and capital
appreciation, generating 28 years of consecutive dividend
growth.
Its primary listing is on the LSE
(Equity shares (commercial companies)) and it is included on the
FTSE 250 Index. It has a secondary listing on the South African JSE
LIMITED ("JSE").
The Group owns and manages a £2.8
billion portfolio of healthcare assets that generate strong, high
quality rent roll of just under £153 million. Its internal
management team delivers sector leading financial management, with
the lowest peer cost ratios. In particular, PHP is positioned for
growth in the emerging Irish market following its 2023 acquisition
of Axis Technical Services, the Irish property management
business.
PHP's long-term leases offer unique
security with c.90% of rental income directly or indirectly backed
by the government, via the NHS in the UK or HSE in Ireland. Growing
and ageing patient populations are placing increasing and
significant pressure on the government's under-invested healthcare
systems; the provision of better front line primary care offers a
proven solution. The Board has a strong commitment to responsible
growth and has set out a clear plan to transition operational,
development and asset management activities to Net Zero Carbon by
2030.
Further information about PHP can be
found here: https://www.phpgroup.co.uk/
Legal Entity Identifier:
213800Y5CJHXOATK7X11