Primary Health Properties admits 29.5 million new shares to trading

Published 04/09/2025, 08:06
Primary Health Properties admits 29.5 million new shares to trading

LONDON - Primary Health Properties PLC (LSE:PHP) announced Thursday that 29,556,535 new shares have been admitted to trading on the London Stock Exchange and the Johannesburg Stock Exchange, effective at 8:00 a.m. London time.

The newly issued shares are part of the consideration for PHP’s takeover of Assura Plc, following the recommended combination of the two companies that was announced on June 23, 2025. The shares were issued to satisfy valid acceptances of PHP’s revised offer received by September 2.

Following the admission, PHP now has 2,525,294,140 ordinary shares of 12.5p each in issue, with no shares held in treasury. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest under the FCA’s Disclosure and Transparency Rules.

PHP confirmed that its revised offer for Assura will remain open for acceptances until 1:00 p.m. on September 10, 2025. The company stated it will make further applications to the FCA, London Stock Exchange, and JSE for additional new shares required to settle consideration for Assura shareholders while the offer remains open.

The revised offer became unconditional in all respects on August 12, as previously announced by the company.

The information is based on a regulatory news statement released by Primary Health Properties.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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