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LONDON - Primary Health Properties PLC (LSE:PHP) announced today that it has applied for the admission of 73,665,754 new shares to trading, following its takeover of Assura Plc. The new shares are expected to begin trading on the London Stock Exchange (LON:LSEG)’s Main Market and the Main Board of the JSE at 8:00 a.m. London time on August 21, 2025.
The new shares will be issued to satisfy valid acceptances of PHP’s revised offer for Assura, which became unconditional on August 12. Under the terms of the deal, Assura shareholders are entitled to receive 0.3865 new PHP shares and 12.5 pence in cash for each Assura share they hold. Shareholders on Assura’s register as of 6:00 p.m. on August 12 are also eligible for a special dividend of 0.84 pence per Assura share.
PHP’s revised offer for Assura was first announced on June 23, 2025, representing an increased bid compared to its initial proposal. The Mix and Match Facility, which allowed Assura shareholders to elect for "More Shares" or "More Cash," has now closed.
The takeover offer remains open for acceptance until further notice, with PHP committed to providing at least 14 days’ notice before closing the offer for acceptances.
This information is based on a press release statement issued by Primary Health Properties PLC.
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