Primary Health Properties (LON:PHP) to raise up to £100mln to fund growing pipeline: Proactive Investors Stocktube

Published on 27 Mar 2018

Harry Hyman, managing director of Primary Health Properties PLC (LON:PHP), as well as Finance Director Richard Howell caught up with Proactive Investors following the announcement they're to raise up to £100mln.

 The capital raising will enable the company to grow its portfolio through selected property acquisitions while maintaining gearing at a conservative level and supporting its progressive dividend policy.

http://www.4-traders.com/PRIMARY-HEALTH-PROPERTIES-24899361/

The board's medium to long-term target is to operate with gearing in the range of 45% to 65% of gross property value and in the short to medium term no higher than 60%.