18th Mar 2005 10:44
Primary Health Properties PLC18 March 2005 FOR IMMEDIATE RELEASE 18 March 2005 Primary Health Properties PLC ("PHP" or the "Company") Issue of equity Institutional Placing (the "Placing") of 1,000,000 ordinary shares to raiseapproximately £2.9 million (net of expenses) PHP announces that it is raising approximately £2.9 million (net of expenses)pursuant to the Placing by way of the issue of 1,000,000 ordinary shares of 50peach of the Company (the "Placing Shares") at a price of 300p per share. ThePlacing Shares constitutes approximately 5 per cent of the Company's currentissued share capital. The Placing Shares are being placed with institutional investors by NumisSecurities Limited. The Placing is conditional on the admission of the PlacingShares to the Official List of the UK Listing Authority and to trading on theLondon Stock Exchange's market for listed securities becoming effective by nolater than 8.00 a.m. on 23 March 2005 (or by such later time and date as NumisSecurities Limited and the Company may decide). The Placing Shares rank paripassu with the existing ordinary shares of the Company in issue including theright to receive and retain all dividends and distributions declared, made orpaid after the date of admission. The Placing Shares will not rank for theinterim dividend to be paid on 26 May 2005 to shareholders on the register ofmembers on 18 March 2005. Application will be made to the UK Listing Authority for the 1,000,000 newordinary shares to be admitted to the Official List of the UK Listing Authorityand to the London Stock Exchange for such ordinary shares to be admitted totrading on the London Stock Exchange's market for listed securities. It isexpected that admission will become effective and dealings will commence on 23March 2005. Enquiries: Primary Health Properties PLC TelephoneHarry Hyman 01483 306 912 07973 344 768 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Primary Health