March 23, 2018 / 7:42 AM / a month ago

BRIEF-Primary Health Properties Announces Proposed 100 Mln Pounds Raise To Fund Acquisitions

March 23 (Reuters) - Primary Health Properties Plc:

* PROPOSED £100M RAISE TO FUND ACQUISITIONS

* PROPOSED SHARE ISSUE TO RAISE GROSS PROCEEDS OF UP TO £100 MILLION THROUGH ISSUE OF UP TO 92.6 MILLION NEW ORDINARY SHARES

* ‍PROCEEDS WILL BE SELECTIVELY APPLIED ALONGSIDE EXISTING, FUTURE DEBT FACILITIES TO GENERATE A GROWING RETURN AND TO MAINTAIN DIVIDEND POLICY​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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