PHP raises £100m in share placing

PHP reports jump in earnings as it prepares for MedicX merger
PHP managing director Harry Hyman

Specialist healthcare REIT Primary Healthcare Properties (PHP) has raised approximately £100m following the placing of 78,125,000 new ordinary shares. Numis Securities Limited and Peel Hunt LLP acted as joint bookrunners, with the 128p per share issue made available to invited new and existing institutional investors. PHP managing director Harry Hyman said the capital would be…

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