On 23 June 2025, the Boards of Primary Health Properties Plc (PHP) and Assura jointly announced the terms of an increased and recommended shares and cash offer pursuant to which PHP will acquire the entire issued, and to be issued, ordinary share capital of Assura.
As at 1.00 p.m. (London Time) on 12 August 2025, PHP had received valid acceptances of the Revised Offer in respect of 2,049,296,826 Assura Shares, representing approximately 62.93 per cent. of the issued ordinary share capital of Assura, which PHP counted towards satisfaction of the Acceptance Condition to its Revised Offer.
PHP has therefore confirmed that the Acceptance Condition has been satisfied. Furthermore, PHP has confirmed that all remaining Conditions to the Revised Offer as set out in the Revised Offer Document have been satisfied or, where applicable, waived.
As a result, PHP has declared that the Revised Offer is now Unconditional in all respects.
PHP has also given notice that the Mix and Match Facility is now closed and that Assura Shareholders who have not yet elected to receive either the “More Shares” option or the “More Cash” option under the Mix and Match Facility shall now not be able to elect for either of the options under the Mix and Match Facility and shall instead all receive the Base Consideration, being 0.3865 New PHP Shares and 12.5 pence in cash for every Assura share.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk