PHP issues 44.8 million new shares for Assura acquisition

Published 12/09/2025, 08:02
PHP issues 44.8 million new shares for Assura acquisition

LONDON - Primary Health Properties PLC (LSE:PHP) has issued 44,845,540 new shares as part of its ongoing acquisition of Assura Plc, the company announced Friday.

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. The issuance satisfies valid acceptances of PHP’s revised offer for Assura received by September 10.

Following the share issuance, PHP now has 2,570,139,680 ordinary shares of 12.5p each in issue and trading on the London Stock Exchange, with no shares held in treasury. This figure may be used by shareholders for calculating disclosure requirements under FCA regulations.

The admission comes after PHP’s August 12 announcement that its revised offer for Assura had become unconditional in all respects. The acquisition is being implemented through a takeover offer under Part 28 of the Companies Act 2006.

The boards of both companies had jointly announced the terms of an increased and recommended shares and cash offer on June 23, 2025, through which PHP would acquire Assura’s entire issued and to-be-issued ordinary share capital.

According to the company’s press release statement, the International Securities Identification Number for PHP’s ordinary shares is GB00BYRJ5J14, and its LEI number is 213800Y5CJHXOATK7X11.

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