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Primary Health Properties Adjusts Convertible Bond Exchange Price

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Primary Health Properties Adjusts Convertible Bond Exchange Price

Primary Health Properties plc R.E.I.T ( (GB:PHP) ) has issued an announcement.

Primary Health Properties PLC has announced an adjustment to the exchange price for its new ordinary shares, set at £1.2399 per share, in relation to the conversion of its 2.875% Guaranteed Convertible Bonds due in 2025. This adjustment is in accordance with the bond conditions and affects the £150 million nominal of outstanding Convertible Bonds, potentially impacting the company’s financial structure and shareholder value.

More about Primary Health Properties plc R.E.I.T

Primary Health Properties PLC is a prominent investor in modern primary health facilities, focusing on the development and management of healthcare properties.

YTD Price Performance: 4.83%

Average Trading Volume: 3,543,858

Technical Sentiment Signal: Sell

Current Market Cap: £1.27B

Learn more about PHP stock on TipRanks’ Stock Analysis page.

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