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An announcement from Primary Health Properties plc R.E.I.T ( (GB:PHP) ) is now available.
Primary Health Properties PLC announced that its Chair, Harry Hyman, has entered into a security arrangement involving the pledge of 11,485,080 ordinary shares as collateral for a £2.5 million personal loan with EFG Private Bank Limited. Despite this transaction, Mr. Hyman retains ownership and full voting rights of the shares, reflecting his confidence in the company’s future performance. This move does not alter his overall shareholding in the company, which remains at 1.8% of its issued share capital. The arrangement signifies a strategic financial decision by the Chair that underscores his commitment to maintaining his investment in Primary Health Properties amidst ongoing personal financial engagements.
More about Primary Health Properties plc R.E.I.T
Primary Health Properties PLC is a real estate investment trust (REIT) that specializes in the acquisition and management of modern primary healthcare facilities across the UK and Ireland. The company focuses on providing high-quality healthcare environments for general practitioners and other healthcare professionals, contributing to the sector’s infrastructure.
YTD Price Performance: -4.99%
Average Trading Volume: 3,023,724
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.23B
See more insights into PHP stock on TipRanks’ Stock Analysis page.
