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Primary Health Properties (PHP)

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PinkDalek
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Re: Primary Health Properties (PHP)

#365146

Postby PinkDalek » December 11th, 2020, 3:01 pm

absolutezero wrote:A kind offer but I have pulled the trigger and got rid.
It's reported in the right box, but why pay 20% on a PID when I can pay 7.5% on a normal dividend.


Now understand & apologies for being slow.

I was being unclear earlier when I said the basic rate deducted from the PID is recoverable, either by way of offset or by way of repayment. The recoverable was meant to cover those who can obtain a repayment. Whereas the offset meant no further tax to pay in some circumstances or, at least, the 20% deducted can be used to offset the Higher Rates if applicable.

Cash to be recycled into something else.


Do say where, on the appropriate board of course, when you've decided.

absolutezero
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Re: Primary Health Properties (PHP)

#366042

Postby absolutezero » December 14th, 2020, 12:22 pm

PinkDalek wrote:
absolutezero wrote:A kind offer but I have pulled the trigger and got rid.
It's reported in the right box, but why pay 20% on a PID when I can pay 7.5% on a normal dividend.


Now understand & apologies for being slow.

I was being unclear earlier when I said the basic rate deducted from the PID is recoverable, either by way of offset or by way of repayment. The recoverable was meant to cover those who can obtain a repayment. Whereas the offset meant no further tax to pay in some circumstances or, at least, the 20% deducted can be used to offset the Higher Rates if applicable.

Cash to be recycled into something else.


Do say where, on the appropriate board of course, when you've decided.

To keep things tidy I will say it here.
Split 50/50 and used to top up Aviva and BAE Systems. :)

monabri
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Re: Primary Health Properties (PHP)

#374023

Postby monabri » January 6th, 2021, 6:49 pm

https://www.investegate.co.uk/primary-h ... 08008352K/

(posted late in the day!)

"The first quarterly interim dividend in 2021 of 1.55 pence per ordinary share of 12.5 pence each will be paid as a PID on 26 February 2021 to shareholders on the register on 15 January 2021."


(see the RNS for more info).

idpickering
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Re: Primary Health Properties (PHP)

#374305

Postby idpickering » January 7th, 2021, 12:53 pm

monabri wrote:https://www.investegate.co.uk/primary-health-props/rns/dividend-declaration/202101061708008352K/

(posted late in the day!)

"The first quarterly interim dividend in 2021 of 1.55 pence per ordinary share of 12.5 pence each will be paid as a PID on 26 February 2021 to shareholders on the register on 15 January 2021."


(see the RNS for more info).


Thanks for posting this monabri. I hold these in my HYP, and 5% increase of dividend is fine by me. I'm likely to top up my PHP holdings over the coming months.

Ian.

idpickering
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Re: Primary Health Properties (PHP)

#378214

Postby idpickering » January 18th, 2021, 7:07 am

Notice of Preliminary Results

Primary Health Properties PLC (LSE: PHP), one of the UK's leading investors in modern primary healthcare facilities, will announce its preliminary results for the year ended 31 December 2020 on Thursday 18 February 2021.

A remote presentation for analysts will be held on the day at 9.30am and will be accessible via live audio webcast and a live conference call facility. Following the presentation, there will be a managed Q&A session.

To access the briefing, please log on or dial in shortly before 09.30am via the details below:


https://www.investegate.co.uk/primary-h ... 00079825L/

idpickering
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Re: Primary Health Properties (PHP)

#387619

Postby idpickering » February 18th, 2021, 7:26 am


idpickering
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Re: Primary Health Properties (PHP)

#391384

Postby idpickering » March 2nd, 2021, 9:31 am

Acquisition.

Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern primary healthcare facilities, announces that it has acquired a modern purpose-built primary care centre in Shankill, Co. Dublin, Ireland for a cost of €3.8 million.

The Property was developed in 2019 and is let to the Health Service Executive ("HSE"), Ireland's equivalent to the UK's NHS, and a local GP practice with a weighted average unexpired lease term ("WAULT") of just under 23 years, which is accretive to the portfolio WAULT. The HSE income represents 92% of the rent roll being Irish government backed income.

The primary care centre is the key centre within its locality with the HSE delivering core primary care outpatient services including: nursing, speech and language therapy, physiotherapy, occupational therapy, a social worker, clinical psychology, GPs and administrative staff.

This acquisition will increase PHP's portfolio to a total of 514 assets, of which 19 are in Ireland, with a contracted rent roll of over £135 million


https://www.investegate.co.uk/primary-h ... 00027720Q/

idpickering
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Re: Primary Health Properties (PHP)

#398790

Postby idpickering » March 25th, 2021, 7:20 am

Notice of Interim Dividend

The Company announces that the second quarterly interim dividend in 2021 of 1.55 pence per ordinary share of 12.5 pence each will be
paid as a Property Income Distribution ("PID") on 21 May 2021 to shareholders on the register on 6 April 2021. The Company will be offering a scrip alternative with this dividend


https://www.investegate.co.uk/primary-h ... 00094045T/

Also posted on HYP Practical Board.

I hold PHP in my HYP, and topped up my holdings on this Monday just gone.

Ian.

idpickering
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Re: Primary Health Properties (PHP)

#411233

Postby idpickering » May 12th, 2021, 7:18 am

Q1 Trading Update



Primary Health Properties PLC, one of the UK's leading investors in modern primary healthcare facilities, today publishes a trading update for the period 1 January 2021 to 31 March 2021 ahead of its AGM later today.

Throughout the COVID-19 pandemic PHP has successfully worked with the NHS, HSE and the Group's GP tenants to help them utilise our properties for deployment in the front line of the current crisis. Many of the Group's primary care facilities and occupiers are now in the front-line of delivering COVID-19 vaccines.


https://www.investegate.co.uk/primary-h ... 00022894Y/

Dod101
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Re: Primary Health Properties (PHP)

#411246

Postby Dod101 » May 12th, 2021, 7:51 am

Sounds good. The only fly in the ointment seems to be getting new potential projects buttoned up.

Dod

idpickering
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Re: Primary Health Properties (PHP)

#424843

Postby idpickering » July 5th, 2021, 7:08 am

Notice of Interim Results

Primary Health Properties PLC (LSE: PHP), one of the UK's leading investors in modern primary healthcare facilities, will announce its interim results for the six months ended 30 June 2021 on Wednesday 28 July 2021.

A virtual presentation for analysts will be held on the day at 9.30am and will be accessible via live audio webcast and a live conference call facility. Following the presentation, there will be a managed Q&A session.

To access the briefing, please log on or dial in shortly before 09.30am via the details below:

Webcast: https://webcasting.brrmedia.co.uk/broad ... 4bfa99e020


https://www.investegate.co.uk/primary-h ... 00080791E/

idpickering
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Re: Primary Health Properties (PHP)

#428962

Postby idpickering » July 20th, 2021, 7:10 am

Investor Presentation

PRIMARY HEALTH PROPERTIES PLC is pleased to announce that CEO Harry Hyman, CFO Richard Howell, and CIO Chris Santer will provide a live presentation relating to the Group's Interim results for the six months ended 30 June 2021 via the Investor Meet Company platform on 29th July 2021 at 4:30pm BST.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet PRIMARY HEALTH PROPERTIES PLC via:

https://www.investormeetcompany.com/pri ... r-investor

Investors who already follow PRIMARY HEALTH PROPERTIES PLC on the Investor Meet Company platform will automatically be invited.


https://www.investegate.co.uk/primary-h ... 00107263F/

idpickering
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Re: Primary Health Properties (PHP)

#430839

Postby idpickering » July 28th, 2021, 7:12 am

Interim Results

Harry Hyman , Chief Executive of PHP, commented:

"As lockdowns and restrictions in the UK and Ireland are lifted, the COVID-19 pandemic continues to highlight the need for modern, integrated, local primary healthcare facilities to help in the provision of COVID-19 vaccines for many years to come while addressing the backlog of procedures missed over the last two years.

"NHS initiatives to modernise the primary care estate supports the important role primary healthcare must play to re-focus services away from over-burdened hospital settings, and to satisfy the long-term demographic trends of populations that are growing, ageing and suffering from more instances of chronic illness. We continue to maintain close relationships with our key stakeholders, working closely with the NHS in the UK, HSE in Ireland, and our GP partners in both markets to help them evolve and adapt as the 'new normal' is established.

"Having successfully completed the internalisation of our management structure in the period and with our sector leading metrics and strong pipeline of acquisition and asset management opportunities, we remain well placed to meet these demands.

"The Board looks forward to delivering further earnings and dividend growth and remains confident in PHP's future outlook."


DELIVERING EARNINGS AND DIVIDEND GROWTH

· Adjusted earnings per share increased by 3.3% to 3.1p (30 June 2020: 3.0p)

· Additional annualised rental income on a like-for-like basis of £1.3 million or 1.0%, from rent reviews and asset management projects (FY 2020: £2.0 million or 1.6%; FY 2019: £1.9 million or 1.5%)

· Average uplift of 1.5% per annum on rent reviews completed in the period, continuing the positive trend in rental growth (FY 2020: 1.8%; FY 2019: 1.9%)

· Contracted annualised rent roll increased to £136.1 million (31 December 2020: £135.2 million)

· Successfully completed the internalisation of the Group's management structure which is anticipated to result in immediate annual cost savings of approximately £4.0 million, equivalent to 0.3 pence per share

· Four forward funded developments completed in the period with a net development cost of £20.1 million at Mountain Ash, Wales, Llanbradach, Wales, Epsom, Surrey and Eastbourne, East Sussex

· Two quarterly dividends totalling 3.1p per share distributed in the period and third quarterly dividend of 1.55p per share declared, payable on 20 August 2021, equivalent to 6.2p on an annualised basis. This represents a 5.1% increase over the 2020 dividend per share and will mark the Company's 25th consecutive year of dividend growth

· The Company intends to make a further dividend payment in November 2021 and maintain its strategy of paying a progressive dividend, in equal quarterly instalments, covered by underlying earnings in each financial year


https://www.investegate.co.uk/primary-h ... 00086755G/

Dod101
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Re: Primary Health Properties (PHP)

#430849

Postby Dod101 » July 28th, 2021, 7:39 am

These look good with a clear indication of a further increase in the dividend to come. Quietly getting on with the job.

Dod

tjh290633
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Re: Primary Health Properties (PHP)

#430932

Postby tjh290633 » July 28th, 2021, 11:28 am

https://www.investegate.co.uk/primary-h ... 00067227D/

01 July 2021

Notice of Interim Dividend

The Company announces that the third quarterly interim dividend in 2021 of 1.55 pence per ordinary share of 12.5 pence each will be paid as a Property Income Distribution ("PID") on 20 August 2021 to shareholders on the register on 9 July 2021. The Company will be offering a scrip alternative with this dividend.

Looks like we all missed this RNS.

TJH

idpickering
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Re: Primary Health Properties (PHP)

#437730

Postby idpickering » August 27th, 2021, 7:19 am

Acquisition

Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern primary healthcare facilities, announces that it has acquired the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for a total consideration of £40 million.

The Townside Primary Care Centre is a substantial purpose-built primary care hub which is fully let to NHS Property Services and a pharmacy. The office accommodation is also fully let with 90% of the income secured against Bury Council. The combined WAULT for the two adjacent buildings is 10.8 years with 91% of the contracted rent secured against government backed tenants.

This acquisition will increase PHP's portfolio to a total of 515 assets, of which 19 are in Ireland, with a contracted rent roll of over £138 million.


https://www.investegate.co.uk/primary-h ... 00029509J/

idpickering
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Re: Primary Health Properties (PHP)

#440198

Postby idpickering » September 7th, 2021, 7:24 am

Two announcements released today by PHP;

Acquisition

Primary Health Properties PLC ("PHP" or the "Group"), one of the UK's leading investors in modern primary healthcare facilities, announces that it has acquired the entire issued share capital of Sarak Group Limited, whose sole asset is the Crwys Medical Centre in Cathays, Cardiff, for a total consideration of £4.5 million. Of the total consideration, approximately £1 million will be satisfied by the issue at completion to two of the sellers of 595,167 new ordinary shares of 12.5 pence each in the capital of PHP and the balance in cash.

The Crwys Medical Centre is a modern, purpose-built primary care centre, comprising 9,384ft2 of lettable space, over three floors. The property is fully let to a large local GP practice serving over 8,000 patients and to a pharmacy. The two leases, with a weighted average unexpired lease term ("WAULT") of 13 years, are accretive to the portfolio WAULT and providing for circa 80% government backed income.

This acquisition will increase PHP's portfolio to a total of 516 assets, of which 19 are in Ireland, with a contracted rent roll of over £138 million.


https://www.investegate.co.uk/primary-h ... 00028927K/

Admission of new shares and total voting rights

Further to the announcement earlier today by PHP that it has acquired the Crwys Medical Centre for a total consideration of £4.5 million, of which approximately £1.0 million is to be satisfied by the issue of 595,167 new ordinary shares of 12.5 pence each in the capital of PHP to two of the sellers (the "Consideration Shares"), PHP announces that an application was made yesterday for the admission of the Consideration Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission").

It is expected that Admission and commencement of dealings in the Consideration Shares will become effective at 8.00 a.m. on 9 September 2021. The relevant sellers have agreed not to sell or otherwise transfer the Consideration Shares for a period of 12 months following completion, without the consent of PHP.


https://www.investegate.co.uk/primary-h ... 01038937K/

idpickering
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Re: Primary Health Properties (PHP)

#442881

Postby idpickering » September 17th, 2021, 7:22 am

Launch of Community Impact Fund

Primary Health Properties, one of the UK's leading investors in modern primary healthcare facilities, is delighted to announce the launch of its Community Impact Fund as part of PHP's wider ESG initiatives. The fund is designed to support health and well-being initiatives in the communities served by its medical centres. This is the latest initiative led by the Group's newly formed Environmental, Social and Governance Committee.

PHP has partnered with UK Community Foundations to offer grants to charities and community groups that are focused on social prescribing and community wellbeing projects in two pilot regions in Scotland and Lincolnshire. PHP will be working with its GP practices and their social prescribing coordinators to promote the fund to organisations delivering social prescribing services to their patient lists and local communities. The fund forms part of the Group's 'Premises, Health and People' strategy which has formalised its dedication to responsible business.


https://www.investegate.co.uk/primary-h ... 00040616M/

idpickering
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Re: Primary Health Properties (PHP)

#448440

Postby idpickering » October 7th, 2021, 7:11 am

Notice of Interim Dividend

The Company announces that the fourth quarterly interim dividend in 2021 of 1.55 pence per ordinary share of 12.5 pence each will be paid as a Property Income Distribution ("PID") on 26 November 2021 to shareholders on the register on 15 October 2021. The Company will be offering a scrip alternative with this dividend.


https://www.investegate.co.uk/primary-h ... 00092615O/

idpickering
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Re: Primary Health Properties (PHP)

#452043

Postby idpickering » October 21st, 2021, 4:16 pm

Scrip Dividend Reference Price

The Company announces that the scrip dividend reference price for the fourth Quarterly Interim Dividend in 2021 (the "Interim Dividend"), payable on 26 November 2021, is 154.9 pence.

The reference price is the price at which Primary Health Properties PLC ordinary shares of 12.5p each ("Ordinary shares") will be issued to shareholders who have elected to receive shares in lieu of cash dividends through participation in the Scrip Dividend Scheme and is the average of the closing middle market quotations of the Ordinary shares derived from the London Stock Exchange Daily Official List for the day on which the Ordinary shares were first quoted as ex-dividend (14 October 2021) and the four subsequent dealing days (being 15,18,19 and 20 November 2021).

Any shareholders entitled to the Interim Dividend who do not already participate in the Scrip Dividend Scheme (or whose mandates are not deemed valid and effective, as explained above) and wish to do so, may obtain a mandate form either by contacting the Company's Registrar, Equiniti, on 0871 384 2268, or by downloading from the Company's website http://www.phpgroup.co.uk/Investors, or from the National Storage Mechanism. This form must be completed and returned to Equiniti to arrive no later than the close of business on 5 November 2021 in order for it to be effective for the Interim Dividend.


https://www.investegate.co.uk/primary-h ... 16408300P/


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