Primary Health Properties moves to compulsorily acquire Assura shares

Primary Health Properties PLC (PHP) announced that its revised offer for Assura Plc will close for acceptances at 1:00 p.m. on 10 September 2025. As of 3:00 p.m. (London time) on 26 August 2025, PHP had received valid acceptances for 2,996,755,673 Assura Shares, representing approximately 92.02% of Assura's issued ordinary share capital. This threshold allows PHP to compulsorily acquire the remaining Assura Shares.

PHP intends to dispatch formal compulsory acquisition notices under sections 979 and 980 of the Companies Act to Assura shareholders who have not yet accepted the revised offer. For Assura shareholders in the Republic of South Africa, the cash consideration will be paid in Rand.

Following the compulsory acquisition, PHP aims to delist Assura Shares from the Official List and Main Market of the London Stock Exchange, and from the Main Board of the JSE. Assura is also expected to be re-registered as a private limited company, which will significantly reduce the liquidity and marketability of any remaining Assura Shares.