PHP seeks to raise £100m

GP and patient

Primary Health Properties (PHP) is seeking up to £100m from a share placing to help fund further GP surgery acquisitions and pay down debt.

The placing, which is open to both new and existing investors, is priced at 108p a share, and the group will consider increasing the fundraising by up to 25% should there be sufficient demand.

The issue price represents a discount of 5.3%. to the closing price of 114p on 22 March.

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