Primary health properties to issue 792 million shares for assura deal

Published 13/08/2025, 15:44
Primary health properties to issue 792 million shares for assura deal

LONDON - Primary Health Properties PLC (LSE:PHP) announced on Wednesday that it has applied for the admission of 792,655,708 new shares to the Official List of the FCA and to trading on the London Stock Exchange’s Main Market, as well as listing on the Main Board of the JSE.

The new shares are being issued as part of PHP’s acquisition of Assura Plc, following the recommended shares and cash offer that became unconditional on August 12. Trading of the new shares is expected to commence at 8:00 a.m. London time on August 14, 2025.

PHP also confirmed the results of the Mix and Match Facility, which allowed Assura shareholders to elect for "More Shares" or "More Cash." Shareholders who chose "More Shares" will receive 0.50727295 new PHP shares and no cash for each Assura share. Those who elected for "More Cash" will receive 0.32381579 new PHP shares and 18.987814 pence in cash per Assura share.

Assura shareholders who made no election under the facility will receive the standard offer of 0.3865 new PHP shares and 12.5 pence in cash for each Assura share. Additionally, shareholders on Assura’s register as of 6:00 p.m. on August 12 are entitled to a special dividend of 0.84 pence per share.

The offer remains open for acceptance until further notice, with PHP committing to provide at least 14 days’ notice before closing the offer for acceptances.

The information in this article is based on a press release statement from Primary Health Properties PLC.

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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