Key Developments: Primary Health Properties PLC (PHP.L)

PHP.L on London Stock Exchange

350.00GBp
21 Nov 2014
Price Change (% chg)

-7.50p (-2.10%)
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357.50p
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Primary Health Properties PLC approves dividend
Thursday, 21 Aug 2014 02:00am EDT 

Primary Health Properties PLC:Board has approved payment of further interim dividend for 2014 of 9.75 pence per share.Payable on Nov. 7 to shareholders on register on Sept. 19.  Full Article

Primary Health Properties subsidiary announces acquisition of medical centre
Monday, 28 Jul 2014 02:00am EDT 

Primary Health Properties PLC:Says a wholly owned subsidiary has contracted to fund the development of and acquire a new modern, purpose built medical centre to be constructed in Flintshire, North Wales.Completed property will cost 3.5 mln pounds (net assets acquired 3.5 mln pounds).Expected to be completed by the end of 2015.  Full Article

Primary Health Properties PLC announces ISM Capital LLP has exercised its option
Friday, 16 May 2014 02:00am EDT 

Primary Health Properties PLC:ISM Capital LLP has exercised its option to procure subscribers for an additional 7.5 mln Pound of Bonds.Exercise will take total issue size to 82.5mln Pound.Offering is not underwritten.Settlement is expected to take place on or about May 20.ISM Capital LLP is acting as sole global coordinator and bookrunner in relation to offering.The Royal Bank of Scotland plc is acting as Co-Bookrunner in relation to Offering and Peel Hunt LLP is acting as Co-Lead Manager and corporate broker to company.  Full Article

Primary Health Properties Plc announces convertible bond offering
Tuesday, 13 May 2014 02:01am EDT 

Primary Health Properties Plc:Launches an offering of about 75 mln pounds of senior, unsecured guaranteed convertible bonds due 2019, subject to a greenshoe option (bonds).Plans to use the proceeds of the bonds to provide funds for its portfolio growth programme.Upon issue the net proceeds will be used to repay existing revolving debt facilities within the group so as to maximise the earnings potential that the offering creates.Bonds will be issued by PHP Finance (Jersey) Limited (issuer), a wholly-owned subsidiary of the company incorporated in Jersey, and will be guaranteed by the company.Bonds will be senior and unsecured obligations of the Issuer and will be subject to a negative pledge.Bonds will mature in May 2019, will be issued at par and are expected to carry a coupon of between 3.75 pct and 4.25 pct per annum payable semi-annually in arrear.Subject to certain conditions, the bonds will be convertible into preference shares of the issuer which will be automatically and mandatorily exchangeable into fully paid ordinary shares of the company (the shares).Final terms of the bonds are expected to be announced on May 13 and settlement is expected to take place on or about May 20 (settlement date).  Full Article

Primary Health Properties Plc to pay interim dividend
Thursday, 10 Apr 2014 02:00am EDT 

Primary Health Properties Plc:To pay interim dividend of 9.75 pence per share payable to shareholders on April 25.  Full Article

Primary Health Properties PLC's subsidiary announces new built health centre in Chester city centre
Monday, 24 Feb 2014 02:00am EST 

Primary Health Properties PLC:Says its subsidiary has contracted with the Watkin Jones Group to forward fund the development of a health centre in Chester city centre for a total consideration of 18.50 million Pounds.The centre is under construction and is expected to reach completion by the end of 2014.  Full Article

Primary Health Properties PLC announces acquisition
Thursday, 16 Jan 2014 02:00am EST 

Primary Health Properties PLC:Says that a wholly owned subsidiary has contracted to fund the development of and acquire a new modern, purpose built medical centre to be constructed in Wrexham.Says the total consideration will be 2.25 mln pounds (net assets acquired 2.25 mln pounds).  Full Article

Primary Health Properties PLC's subsidiary to acquire medical centre
Friday, 20 Dec 2013 02:00am EST 

Primary Health Properties PLC:Announces that its wholly owned subsidiary has contracted to fund the development of and acquire a new modern, purpose built medical centre to be constructed in Nottingham.Says the total consideration will be 3.1 million pounds (net assets acquired 3.1 million pounds).Says the centre will be wholly let to a 4 partner GP practice and a pharmacy operator, both on 21 year lease terms, and is expected to be completed in early 2015.  Full Article

Primary Health Properties PLC announces change of chairman of board
Thursday, 19 Dec 2013 02:00am EST 

Primary Health Properties PLC:Announces that the current non-executive Chairman, Graeme Elliot, will retire from the Board at the end of the Annual General Meeting in Apr. 2014.Says Alun Jones the current senior independent non-executive director and Chairman of the Audit Committee will become Chairman from that date.  Full Article

Primary Health Properties PLC announces listing of bonds through subsidiary
Wednesday, 18 Dec 2013 05:34am EST 

Primary Health Properties PLC:Announces that its wholly owned subsidiary, PHP Bond Finance plc, on Dec. 18 listed the floating rate guaranteed secured bonds issued on Nov. 4 (the Bonds).Says the Bonds have been admitted to the Official List of the UK Listing Authority and trading has commenced on the London Stock Exchange plc's regulated market.Says bonds with a nominal value of 70 million pounds were issued on Nov. 4, to mature on or about Dec. 30, 2025.Says the Bonds will incur interest on the paid up amount at an annualised rate of 220 basis points above six month LIBOR, payable semi-annually on or about June 30 and Dec. 30 of each year until maturity.Says the first interest period will run from the date of issue to June 30, 2014.  Full Article

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