TIDMPHP

RNS Number : 8204D

Primary Health Properties PLC

12 October 2018

12 October 2018

Primary Health Properties PLC

4.25% Guaranteed Convertible Bonds 2019 - amendment of exchange price

Primary Health Properties PLC ("PHP" or the "Company") announces that the exchange price for new ordinary shares of 12.5p each in PHP ("Ordinary Shares") to be issued in exchange for the preference shares in the Company's wholly owned subsidiary PHP Finance (Jersey) Limited ("PHP Jersey") (ISIN: XS1067950615) issued on conversion of the 4.25% Guaranteed Convertible Bonds 2019 (the "Convertible Bonds") of PHP Jersey has been adjusted from 97.5 pence to 96.16 pence per Ordinary Share.

The adjustment is in accordance with the dividend protection provisions set out in condition 6(b)(iii)(B) of the conditions of issue of the Convertible Bonds and is triggered by the Ordinary Shares trading ex-dividend. The adjusted exchange price shall be applied in respect of all conversion notices in respect of the Convertible Bonds from 11 October 2018. There are currently GBP53,400,000 nominal of Convertible Bonds outstanding.

Enquiries:

Richard Howell,

Finance Director

Primary Health Properties PLC

Telephone: +44 (0) 20 7104 2004

LEI: 213800Y5CJHXOATK7X11

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