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LONDON - Assura plc (LSE:AGR) announced on Tuesday that its board has declared a special dividend of 0.84 pence per share, contingent upon the completion of its recommended combination with Primary Health Properties plc (LSE:PHP).
The special dividend represents an acceleration of the quarterly interim dividend that would have been expected in October 2025. Payment is conditional on the revised offer becoming unconditional and Assura receiving necessary approvals from the South African Reserve Bank.
According to the company’s statement, shareholders who are on Assura’s register of members by 6:00 p.m. London time on the date the revised offer becomes unconditional will be entitled to receive the dividend. Based on the current timeline, the ex-dividend date is expected to be August 14, 2025, assuming the offer becomes unconditional on August 12.
The dividend will be paid entirely as Property Income Distribution (PID) and will be settled no later than 14 days after the unconditional date, which is currently projected to be no later than August 26, 2025.
The special dividend announcement follows the June 23 statement from both companies regarding PHP’s revised offer to acquire Assura’s entire issued and to be issued ordinary share capital. PHP previously confirmed that this special dividend would not reduce the value of its revised offer.
The information was disclosed in a press release statement issued by Assura plc.
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