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LONDON (Alliance News) - Primary Health Properties PLC said Tuesday it has made an application for 717,948 new shares after converting the GBP82.5 million 4.3% guaranteed bonds due 2019.
The shares of 12.50 pence each were converted of GBP700,000 nominal of the convertible bonds, which were issued by the company's wholly-owned subsidiary PHP Finance Jersey Ltd.
Following the cancellation of the converted bonds, real estate investment trust now holds GBP57.8 million nominal of convertible bonds outstanding.
The new shares are expected to be issued on Friday, resulting in Primary Health having 732.4 million shares overall.
Shares in Primary Health were down 0.1% on Tuesday at 116.06p each.
