Business
Update on Acceptance Levels
Primary Health Properties PLC (PHP) announced on August 21, 2025, that acceptances for its revised offer to acquire Assura Plc exceeded 75%. As of 3:00 p.m. London time on August 20, 2025, PHP received valid acceptances for 2,649,789,066 Assura shares, representing approximately 81.37% of Assura's issued ordinary share capital. The revised offer remains open, and PHP will provide at least 14 days' notice before closing it. With over 75% of Assura shares secured, PHP intends to delist Assura from the London Stock Exchange and the Johannesburg Stock Exchange (JSE), and re-register Assura as a private limited company. If PHP acquires 90% or more of Assura shares, it intends to compulsorily acquire the remaining shares. The issued share capital of Assura was 3,256,393,191 shares as of the last business day before the announcement. Acceptances from persons acting in concert with PHP included 617,800 Assura shares held by Ian and Caron Krieger. Disclaimer*
About this update from Primary Health Properties Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT AND NO INVESTMENT DECISION IN RELATION TO THE REVISED OFFER OR THE NEW PHP SHARES SHOULD BE MADE EXCEPT ON THE BASIS OF INFORMATION IN THE OFFER DOCUMENT, THE REVISED OFFER DOCUMENT, THE COMBINED CIRCULAR AND PROSPECTUS AND THE SUPPLEMENTARY PROSPECTUS.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\nFOR IMMEDIATE RELEASE\n21 August 2025\nRecommended Combination of\nAssura Plc (\"Assura\")\nand\nPrimary Health Properties PLC (\"PHP\")\nto be implemented by means of a takeover offer\nunder Part 28 of the Companies Act 2006\n \nUpdate on Acceptance Levels\nAcceptances in excess of 75%\n \nUpdate on Acceptance Levels\nOn 23 June 2025, the Boards of 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 (the \"Revised Offer\"). \nOn 27 June 2025, PHP and Assura jointly published a revised offer document in respect of the Revised Offer (the \"Revised Offer Document\"), which supplemented and updated the original offer document published by PHP on 13 June 2025 (the \"Original Offer Document\").\nOn 12 August 2025 PHP announced that the Revised Offer had become Unconditional in all respects.\nCapitalised terms used in this announcement (the \"Announcement\"), unless otherwise defined, have the same meanings as set out in the Original Offer Document (as amended by the Revised Offer Document).\nIn accordance with Rule 17 of the Takeover Code, PHP is today providing an update on the level of acceptances received under the Revised Offer.\nAs at 3.00 p.m. (London time) on 20 August 2025, PHP had received valid acceptances of the Revised Offer in respect of 2,649,789,066 Assura Shares, representing approximately 81.37 per cent. of the issued ordinary share capital of Assura.\nSo far as PHP is aware, included within the valid acceptances of the Revised Offer...