Harry Hyman, managing director of Primary Health Properties PLC (LON:PHP), as well as Finance Director Richard Howell caught up with Proactive Investors following the announcement they're to raise up to ?100mln.
The capital raising will enable the company to grow its portfolio through selected property acquisitions while maintaining gearing at a conservative level and supporting its progressive dividend policy.
The board's medium to long-term target is to operate with gearing in the range of 45% to 65% of gross property value and in the short to medium term no higher than 60%.
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