Primary Health Properties PLC Directors Interest in Shares (6181Q)
01 December 2016 - 4:32AM
UK Regulatory
TIDMPHP
RNS Number : 6181Q
Primary Health Properties PLC
30 November 2016
30 November 2016
Primary Health Properties PLC ("PHP" or the "Company")
Directors Interest in Shares
Primary Health Properties PLC, the UK's leading investor in
modern primary healthcare facilities, announces that it has been
notified by Harry Hyman, Managing Director of PHP of a change to
his indirect beneficial and non-beneficial interest in the
Company.
The change in his interest in the Company arises as a
consequence of a change in the ownership of Nexus Investco Limited
("Nexus"), of which Mr Hyman and his family have a controlling
interest, and which holds 16,000,000 ordinary shares of 12.5p in
the capital of PHP ("PHP shares"). As part of a reorganisation of
the capital of Nexus, 3,675,291 PHP shares held by Nexus are being
distributed to the other shareholders in Nexus not including Mr
Hyman or his family (the "Transaction").
Following the Transaction, Mr Hyman and his family will own all
of the shares in Nexus and Nexus' total interest in PHP will be
12,324,709 shares representing 2.06% of the current issued share
capital of the Company, a reduction of 0.61%.
Mr Hyman's total beneficial interest, including that of his wife
Anita Hyman, in PHP's shares will increase to 2,867,492 PHP share
(representing 0.48% of the current issued share capital)
(previously 2,656,127 or 0.44%), an increase of 0.04% comprised of
2,455,912 PHP shares (previously 2,244,547) held via Nexus, 35,476
PHP shares (unchanged) held by Anita Hyman and a direct holding of
376,104 PHP shares (unchanged) held by Mr Hyman.
At the same time, Mr Hyman's non beneficial interest in PHP
shares held by Nexus has reduced from 13,755,453 to 9,868,797
(representing 1.65% of the current issued share capital of the
Company, previously 2.3%) to reflect the distribution of PHP shares
to other shareholders in Nexus.
For the purposes of this announcement all the transfers in
shares associated with the Transaction are deemed to have occurred
at a price of 111.6 pence per share.
The PHP shares held by Nexus continue to be subject to a
debenture and fixed charge over all of the Nexus' assets. As at the
date of this announcement, Nexus has confirmed that it is not in
default of any of its banking commitments and that it has no
current intention to sell any of its holding. Bank Debt owing is
currently GBP2,834,167.
The following information relating to the transaction has today
been filed with the FCA in accordance with Article 19(1) of the
Market Abuse Regulation
1 Details of PDMR/person closely associated
with them ("PCA")
----- ------------------------------------------------------------------
(a) Name Nexus Investco Limited
----- --------------------------- -------------------------------------
(b) Position/status This notification is being
made on behalf of Nexus Investco
Limited a PCA of Harry Hyman,
Managing Director of Primary
Health Properties PLC.
----- --------------------------- -------------------------------------
(c) Initial notification/ Initial notification
amendment
----- --------------------------- -------------------------------------
2 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 Ordinary shares of 12.5p
of the financial
instrument
----- --------------------------- -------------------------------------
(b) Nature of the Exchange of ordinary shares
transaction as consideration for buyback
of shares in Nexus Investco
Limited
----- --------------------------- -------------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s)
----- --------------------------- ------------------ -----------------
GBP1.116 3,675,291
---------------------------------------------------- -----------------
(d) Aggregated information Single transaction
Aggregated volume
price
----- --------------------------- -------------------------------------
(e) Date of transaction 30 November 2016
----- --------------------------- -------------------------------------
(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:
Harry Hyman
Managing Director
Tel: +44 (0) 20 7451
7050
David Rydell / Elizabeth
Snow /
Eve Kirmatzis
Bell Pottinger
T +44 (0) 20 3772 2582
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 30, 2016 12:32 ET (17:32 GMT)