TIDMPHP

RNS Number : 3476J

Primary Health Properties PLC

12 December 2022

12(th) December 2022

Primary Health Properties PLC

("PHP" or the "Group")

Succession Planning

Primary Health Properties, one of the UK's leading investors in modern primary healthcare facilities, announces that Harry Hyman, Chief Executive Officer ("CEO"), has expressed his intention to retire as Chief Executive Officer of PHP at its annual general meeting in 2024 ("2024 AGM").

This intention is consistent with the comments communicated to the market at the time of the Medicx merger announced in January 2019 that he would commit to managing PHP for a further five years.

PHP will therefore be commencing the search for a new CEO in the New Year and it is expected to be in a position to make an appointment during 2023, with the intention of it taking effect from the 2024 AGM.

The search for Harry Hyman's successor will be led by the Chairman, Steven Owen, who, after consultation with a number of the Group's major shareholders and the agreement of the Board, will, subject to shareholder approval at the 2023 AGM, remain as Chairman until the conclusion of the 2024 AGM in order to deal with the appointment of the new CEO and to ensure an orderly succession.

Steven Owen was appointed as a Non-Executive Director in January 2014 and Chairman in April 2018. Under the UK Corporate Governance Code ("the Code") he will have served nine years by January 2023 and while from this date he will not be considered independent under the provisions of the Code the independent non-executive directors concluded that Steven continues to act independently and that the company will benefit significantly from him leading the CEO succession process. Accordingly, Steven Owen will continue to be Chairman of the Company and the Nomination Committee and a member of the ESG Committee until his proposed retirement at the 2024 AGM. He will cease to be a member of the Remuneration Committee from 31(st) December 2022.

More information on Primary Health Properties PLC can be found on www.phpgroup.co.uk

Further details:

 
 Steven Owen 
  Chairman 
  Tel: + 44 (0) 20 7451 7050 
 
   David Rydell / Steph Whitmore / 
   H annah Ratcliff 
   (Buchanan Communications) 
   Tel: +44 (0) 20 7466 5066

Legal Entity Identifier: 213800Y5CJHXOATK7X11

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOATTBATMTJBMMT

(END) Dow Jones Newswires

December 12, 2022 02:00 ET (07:00 GMT)

Grafico Azioni Primary Health Prop (AQSE:PHP.GB)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Primary Health Prop
Grafico Azioni Primary Health Prop (AQSE:PHP.GB)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Primary Health Prop