PHP completes Assura acquisition, JSE delisting imminent

Primary Health Properties PLC (PHP) has announced the finalization of its recommended combination with Assura plc, following a revised shares and cash offer made on June 23, 2025. The revised offer became unconditional on August 12, 2025, and closed for acceptances on September 10, 2025.

PHP is now proceeding with the compulsory acquisition of remaining Assura shares. Assura shareholders in South Africa will receive a fixed 12.5 pence in cash and net cash proceeds from the sale of 0.3865 new PHP shares per Assura share. The LSE delisting of Assura shares is anticipated to take effect around 7:30 a.m. (UK time) on October 6, 2025.

The JSE delisting of Assura shares will follow shortly after the LSE delisting and compulsory acquisition process. Trading will be suspended from 7:30 a.m. (SA time) on October 3, 2025, with termination of listing expected on October 23, 2025. Payment to Assura shareholders under the revised offer and compulsory acquisition process is scheduled for October 22, 2025.