Primary Health Properties Advances Strategic Acquisition of Assura Plc with Revised Offer

Primary Health Properties PLC (PHP) has made significant progress in its strategic acquisition of Assura Plc, with the company's revised offer gaining some traction among Assura shareholders. As of the announcement, PHP has secured acceptances for a total of 39,806,298 Assura shares, representing approximately 1.22% of Assura's issued ordinary share capital. The revised offer, which is structured as a takeover under Part 28 of the Companies Act 2006, will enable PHP to acquire the entire issued ordinary share capital of Assura. The deadline for Assura shareholders to accept the offer is set for August 12, 2025, at 1:00 p.m. London time.

Key Takeaways:

PHP has received valid acceptances for 39,806,298 Assura shares, representing approximately 1.22% of Assura's issued ordinary share capital.
The revised offer has a deadline of August 12, 2025, at 1:00 p.m. London time for Assura shareholders to accept the offer.
The Mix and Match Facility remains open until the offer becomes unconditional, allowing Assura shareholders to take advantage of this benefit.
PHP has clarified that neither it nor its directors, nor any individuals acting in concert with PHP, hold any additional interests, short positions, or arrangements related to Assura shares.
The calculations mentioned in the announcement are based on the total issued share capital of 3,256,393,191 Assura shares as of the last business day prior to this announcement.
Ian Krieger, a non-executive director of PHP, and his wife Caron Krieger, together hold 617,800 Assura shares through an ISA.

Statistics:

39,806,298 Assura shares accepted in the revised offer, approximating 1.22% of Assura's issued ordinary share capital.
Total issued share capital of Assura: 3,256,393,191 shares.
Deadline for Assura shareholders to accept the offer: August 12, 2025, at 1:00 p.m. London time.

Sources:

Johannesburg Stock Exchange (JSE)
Primary Health Properties PLC (PHP) announcement