Wrap Text
Update to notice of interim dividend for shareholders on the South African register
Primary Health Properties PLC
(Incorporated in the United Kingdom)
Company Number: 3033634
LSE Share Code: PHP
JSE Share Code: PHP
ISIN Code: GB00BYRJ5J14
LEI: 213800Y5CJHXOATK7X11
(“PHP” or the “Company”)
UPDATE TO NOTICE OF INTERIM DIVIDEND FOR SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER
The Company announces that the fourth quarterly interim dividend in 2026 of 1.825 pence per ordinary
share of a nominal value of 12.5 pence each (“Dividend”) will be paid as 0.725 pence by way of a
Property Income Distribution (“PID”) and the remainder as an ordinary dividend of 1.100 pence (“Non-
PID”) on Friday, 20 November 2026 (“Dividend Payment Date”) to shareholders on the register on
16 October 2026 (“Record Date”).
The Company also confirms that shareholders on the UK share register (“UK Shareholders”) may
participate in a dividend reinvestment plan (“DRIP”) in respect of the current interim dividend. The DRIP
is provided by Equiniti Financial Services Limited (“Equiniti FS”) and administered by PHP’s registrars,
Equiniti Limited (“Equiniti”), and provides UK Shareholders with the opportunity to reinvest dividend
payments to purchase additional ordinary shares in PHP in the market. The DRIP is currently not
available to shareholders on the South African (“SA”) share register (“SA Shareholders”). SA
Shareholders will receive the fourth quarterly interim dividend in cash.
UK Shareholders who hold their ordinary shares in certificated form and who wish to participate in the
DRIP will need to ensure that a completed DRIP Application Form is received by Equiniti no later than
5:00pm UK time on 30 October 2026 (the “Election Date”). Shareholders who hold their ordinary
shares in CREST and who wish to participate in the DRIP must do so by submitting an election by
CREST input message by the Election Date.
The key dates for the Dividend are detailed in the timetable below.
Timetable 2026
Last day to trade (SA Shareholders) Tuesday 13 October
Ex-dividend date (SA Shareholders) Wednesday, 14 October
Last day to trade (UK Shareholders) Wednesday, 14 October
Ex-dividend date (UK Shareholders) Thursday, 15 October
Record Date Friday, 16 October
Latest date for receipt by Equiniti of DRIP Application 5.00 p.m. UK time on Friday, 30
Forms and input of CREST elections (UK Shareholders) October 2026
Dividend Payment Date – CSDP/broker accounts Friday, 20 November
credited/updated//CREST credit date
Estimated DRIP purchase date (UK Shareholders) Friday, 20 November
DRIP shares credited/certificates posted Wednesday, 25 November
(UK Shareholders)
Note: The above dates and times are subject to change. Any changes will be released on RNS and
SENS as soon as practically possible.
To facilitate settlement of the dividend to SA Shareholders, share certificates may not be dematerialised
or rematerialised between Wednesday, 14 October 2026 (Ex-dividend date) and Friday, 16 October
2026 (Record Date), both days inclusive. Shares cannot be moved between the South African share
register and the UK share register, and no such transfers of shares between the South African share
register and the UK share register shall be registered, between the date of this announcement and the
Record Date, both days inclusive.
Exchange Rate and Tax Implications
The Dividend will be paid in British pound sterling (“GBP”) to UK Shareholders and South African Rand
(“ZAR”) to SA shareholders. SA Shareholders are advised that the currency exchange rate applicable
to the Dividend payable in ZAR will be 21.566 ZAR to 1.00 GBP (“Exchange Rate”), resulting in a gross
local dividend amount 39.35795 ZAR per share. The Exchange Rate was fixed by the Company on 25
September 2026 and the date on which the GBP payment will be converted to ZAR will be 16 October
2026.
The Dividend should be regarded as a ‘foreign dividend’ for South African income tax and dividends tax
purposes and the funds will be paid from the United Kingdom.
Certain qualifying shareholders may receive PIDs without deduction of withholding tax and further
details are available on the Company's website www.phpgroup.co.uk.
Accordingly, shareholders will be paid a cash dividend per share as follows:
Dividend UK Shareholders SA Shareholders
(GBP pence) (ZAR cents)
Total (gross) 1.825 39.35795
Gross amount of PID dividend payable 0.725 15.63535
Less 20% UK withholding tax* 0.145 3.12707
Net PID dividend payable** 0.575 12.50828
Less effective 5% SA dividends tax for SA N/A 0.78177
Shareholders who are SA tax residents***
Net PID dividend payable*** 0.575 11.72651
Gross amount of Non-PID dividend payable 1.100 23.72260
Less 20% SA dividends tax for SA Shareholders who N/A 4.74452
are SA tax residents****
Net non PID dividend payable 1.100 18.97808
* Certain categories of UK Shareholders may apply for exemption, in which case the PID element will
be paid gross of UK withholding tax.
** Net position after deducting UK withholding tax for both UK and SA Shareholders, but before
qualifying SA Shareholders who are SA tax residents have claimed back 5% from His Majesty’s
Revenue & Customs under the double tax agreement between the United Kingdom and South Africa in
respect of the UK withholding tax.
*** SA dividends tax applies at the rate of 20% for qualifying SA Shareholders who are SA tax residents,
but such SA Shareholders receive a rebate of the UK withholding taxes suffered (which is effectively
15%, after taking into account the 5% rebate referred to in **).
**** SA dividends tax applies at the rate of 20% for SA Shareholders who are SA tax residents, if an
exemption does not exist.
For the avoidance of doubt, SA dividends tax, and therefore the information provided in this
announcement, is only of direct application to SA Shareholders who are SA tax residents. The contents
of this announcement are not to be construed as legal or tax advice. SA Shareholders are advised to
consult their own legal, financial or tax adviser for tax advice and should direct any questions regarding
the application of the SA dividends tax to their CSDP, broker or the Company’s Transfer Secretary.
The issued share capital of PHP is 2,595,149,224 ordinary shares of 12.5 pence.
For further information:
Primary Health Properties PLC
Richard Howell, Chief Financial Officer
David Purcell
Investor Relations
Primary Health Properties PLC
T: +44 (0) 7921 190 136
E: david.purcell@phpgroup.co.uk
Sodali & Co Financial PR
Elly Williamson/Louisa Henry/Saskia Bottomley
T: +44 (0) 207 250 1446
E: PHP@client.sodali.com
The Company has a primary listing on the London Stock Exchange and a secondary listing on the JSE
Limited.
United Kingdom
28 September 2026
Sponsor: PSG Capital
Date: 28/09/2026 08:01:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
