ASSURA PLC - Acquisition

Modified on Thu, 10 Apr at 4:32 PM

Dear client

The boards of directors of Bidco and Assura are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Assura by Bidco. The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.

The register of members of Assura at the Scheme Record Time shall be entitled to receive:

for each Assura Share 49.4 pence in cash (the "Offer Value") comprised of:

cash consideration of 48.56 pence per Assura Share (the "Cash Consideration"); and the quarterly interim dividend of 0.84 pence per Assura Share announced on 18 February 2025 and due to be paid on 9 April 2025 (the "Permitted Dividend").

The Offer Value represents 100 per cent. of Assura's EPRA NTA per Assura Share of 49.4 pence as at 30 September 2024.

The Offer Value represents an attractive premium of approximately:

31.9 per cent. to the Closing Price of 37.4 pence per Assura Share on 13 February 2025;
33.9 per cent. to the volume weighted average price of 36.9 pence per Assura Share for the one-month period ended 13 February 2025;
30.6 per cent. to the volume weighted average price of 37.8 pence per Assura Share for the three-month period ended 13 February 2025.

The Acquisition will become Effective early in the third quarter of 2025.

Please see notification link : https://www.londonstockexchange.com/news-article/market-news/recommended-cash-acquisition-of-assura-plc/16981819

Please be aware we do not have any holders on the platform.

Kind regards

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