PHP shareholders approve Assura combination; deal proceeds
Primary Health Properties PLC (JSE:PHP) announced that all resolutions relating to the proposed combination with Assura Plc were approved at its General Meeting held today, July 1, 2025. Over 99% of shareholders voted in favor of the combination. The company also secured shareholder authorization to allot shares in connection with the deal, increasing share authority from GBX 153,144,311.20 to GBX 157,292,970.00. The company expects the transaction to be earnings accretive with an investment grade credit rating. The deal remains subject to a takeover offer under Part 28 of the Companies Act 2006. The company has primary listings in the London Stock Exchange and a secondary listing on the JSE Limited.
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