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Inclusion in the FTSE/JSE Africa Index Series
Primary Health Properties PLC
(Incorporated in the United Kingdom)
Company Number: 3033634
LSE Share Code: PHP
JSE Share Code: PHP
ISIN Code: GB00BYRJ5J14
LEI: 213800Y5CJHXOATK7X11
("PHP" or the "Company")
Inclusion in the FTSE/JSE Africa Index Series
Primary Health Properties PLC ("PHP", the "Group" or the "Company"), 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 the
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:
Mark Davies Richard Howell
Chief Executive Officer Chief Financial Officer
Primary Health Properties PLC Primary Health Properties PLC
Mark Court/Stephanie Whitmore/Verity Parker
Burson Buchanan
T: +44 (0) 20 7466 5000
E: php@buchanan.uk.com
Notes to Editors
Indices list:-
FTSE/JSE Index name Index description
All Share The All Share Index represents 99% of the full market cap value of all
eligible securities listed on the Main Board of the JSE.
All Property 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).
Capped Property 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.
Tradeable Property 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).
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/
The Company has a primary listing on the London Stock Exchange and a secondary listing on the
JSE Limited.
United Kingdom
23 September 2024
Sponsor: PSG Capital
Date: 23-09-2024 08:00:00
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