EU and US could reach trade deal this weekend - Reuters
LONDON - Primary Health Properties PLC (PHP) announced on Tuesday that shareholders have approved all resolutions related to its recommended combination with Assura Plc at a general meeting held earlier in the day.
The takeover offer, which will be implemented under Part 28 of the Companies Act 2006, received overwhelming support with over 99% of voting shareholders backing the proposed combination.
The approval satisfies a key condition of the revised offer that was published on June 27, 2025, following an original offer document released on June 13.
Harry Hyman, Non-Executive Chair of PHP, described the shareholder approval as "a strong endorsement of the Company’s ability to deliver an earnings accretive transaction that is strategically valuable, at an inflection point in the cycle."
According to the voting results, the resolution to approve the acquisition and authorize directors to allot shares in connection with the combination received 773,703,879 votes in favor (99.28%) and 5,575,083 votes against (0.72%). Three additional resolutions regarding share allotment and pre-emption rights also passed with significant majorities.
The combination is expected to support PHP’s progressive dividend policy while delivering future value to shareholders, according to the company’s press release statement.
PHP’s total issued share capital consists of 1,336,493,786 ordinary shares. The announcement did not specify when the transaction is expected to complete.
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