Admission of Placing Shares

RNS Number : 3719I

Assura Group Limited

18 November 2008

 



18 November 2008

Assura Group Limited ('Assura')

Admission of Placing Shares for trading on LSE

-- Marks completion of successful £80m fundraising -- 

Assura Group Limited (LSE: AGR), the UK healthcare company which partners with GPs, consultants and other healthcare professionals to deliver high quality patient care, pharmacy and innovative property solutions in primary care, is pleased to announce that the placing of 81,081,080 new ordinary shares at 37p per share has been successfully completed and that the Placing shares have been admitted to trading on the London Stock Exchange, raising £30 million of new equity.  

Chief Executive, Richard Burrell commented: 'We are delighted to announce the completion of the Placing in this extremely challenging economic environment and are grateful for the support from our shareholders. The funds from the Placing, together with the £50 million banking facility negotiated in October, ensure that Assura is well positioned to focus on its investment in its medical operating business and to take advantage of the opportunities that arise as the provision of NHS primary care services is increasingly opened up to the private sector.' 

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