There are two competing tender offers for the upcoming event occurring simultaneously:
Offerer 1: Primary Health Properties PLC
Offerer 2: Sana Bidco Limited
Investors need to choose which of the competing offers (including the respective options) they want to submit their shares to.
Options for Offerer 1 (Primary Health Properties PLC):
1) Tender – Maximum shares
2) Tender – Maximum cash
3) Tender – Basic offer: Offering price of GBP 0.125 per share plus an offering ratio of 0.3865 new Primary Health Properties shares for every 1 share tendered
Mix and match facility (for max stock option 1 or max cash option 2):
A mix and match facility will be available enabling holders to elect to receive additional Primary Health Properties shares in lieu of cash and vice versa additional cash in lieu of Primary Health Properties shares:
- 0.3865 Primary Health Properties shares will be equivalent to GBP 0.4000275 in cash.
- GBP 0.125 in cash will be equivalent to 0.1207729468599 Primary Health Properties shares.
Option for Offerer 2 (Sana Bidco Limited):
4) Tender – GBP 0.5042 per share
5) No action - (default for both offerers).
On 15 July 2025 the Assura board declared a special dividend of GBP 0.0084 per share, to be paid as a PID, subject to the offer becoming unconditional.
Subject to the offer becoming unconditional on 12 August 2025, the special dividend is expected to be paid no later than 26 August 2025 to holders on the register as at 12 August 2025.
This corporate action is executed on a best effort basis; restrictions may apply. This corporate action could be subject to proration, taxes and other costs.
