PHP Primary Health Properties Plc

RNS Number:7927H
Primary Health Properties PLC
15 November 2007


15 November 2007

                         Primary Health Properties PLC
                            
                           ("PHP" or the "Company")

                                   AGM Statement



At the Annual General Meeting of PHP, one of the UK's leading providers of
modern primary healthcare facilities, held today (15 November 2007), the
Managing Director, Harry Hyman, gave the following statement to shareholders:


"Since the announcement of our results on 20 September 2007, we have continued
to make progress in expanding our portfolio.


PHP has a robust and low risk business model. With a portfolio which is almost
100% let and with average remaining lease lengths of around 20 years and given
the strength and tenure of its  rental covenants, the Company is well positioned
to deliver its business plan over the medium term.


The business is conservatively financed and has a relatively low level of
gearing.  In addition to the length of its leases, PHP derives almost 90% of its
annual rental income of approximately #15m from the NHS, making its income and
cash flow secure. A further 10% of the portfolio income derives from pharmacy
units associated with its medical centres.


PHP has paid an increasing dividend per share for each of the last ten years.
The total dividend per share for the year ended 30 June 2007 is 15p, of which
the second 7.5p payment is to be paid to shareholders on 23 November 2007.


Finally, the Board is pleased to announce that Daniel Stewart has been appointed
as joint broker to the Company with immediate effect, to work alongside Numis
Securities.

We look forward to the future with confidence."



                                    - Ends -


Enquiries:

Bell Pottinger Corporate & Financial
David Rydell/ Victoria Geoghegan                       Tel: 020 7861 3232

Primary Health Properties PLC
Harry Hyman, Managing Director                         Tel: 01483 306912




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

AGMFFFFSISWSEIF

Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024

Primary Health Properties (LSE:PHP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024