Primary Health Properties PLC - London-based healthcare facility investor - Notes it has been included in a number of key South African stock indices, including the prominent FTSE/JSE All Share index and All Property index. Primary Health launched its secondary listing on the Johannesburg Stock Exchange in October last year. ‘Achieving a place in the FTSE/JSE Africa Index Series is testimony to the initiatives that we’ve launched to increase liquidity on the JSE, and we look forward to continuing to increase the tradability of the company’s shares,’ Chief Executive Officer Mark Davies says.
‘The inclusion comes at an exciting time for PHP, as the new Labour government in the UK has signalled the need for further capital investment in primary care, and the group continues to demonstrate its ability to deliver secure, reliable earnings growth as the only REIT to offer a high proportion of income funded by government bodies at about 90%,’ the company says.
Current stock price in London: 101.50 pence, up 0.6% on Monday morning
12-month change: up 5.1%
Current stock price in Johannesburg: R 24.00, down 4.2%
12-month change: down 52% since October 2023 listing
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