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LONDON - Primary Health Properties PLC (LSE:PHP) has issued 292.9 million new ordinary shares as part of its ongoing acquisition of Assura Plc, the company announced Thursday.
The new shares were admitted to trading on the London Stock Exchange’s Main Market and the JSE Main Board at 8:00 a.m. London time on August 28. The shares were issued to satisfy valid acceptances of PHP’s revised offer for Assura received by the August 26 deadline.
Following the issuance, PHP now has approximately 2.5 billion ordinary shares outstanding, which the company noted will serve as the denominator for shareholder disclosure calculations under FCA rules.
The transaction stems from a revised cash and shares offer announced on June 23, which became unconditional on August 12. PHP indicated it will continue to apply for additional share issuances as needed to settle consideration for Assura shareholders while the offer remains open.
Assura shareholders who have not yet accepted the revised offer have until 1:00 p.m. on September 10 to do so, according to the company’s statement.
The acquisition combines two companies specializing in healthcare property investments. The information is based on a regulatory announcement from Primary Health Properties.
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