Result of Rights Issue

RNS Number : 4392U

Assura Group Limited

21 December 2011

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

Assura Group Limited

("Assura" or the "Company")

RESULT OF RIGHTS ISSUE

Assura announces that it has received valid acceptances in respect of 95,238,137 New Assura Shares representing approximately 80.9 per cent. of the total number of New Assura Shares offered to Qualifying Shareholders pursuant to the 2 for 7 Rights Issue which was announced by Assura on 23 November 2011 and which closed at 11.00 a.m. on 21 December 2011.

It is expected that the New Assura Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m. tomorrow, 22 December 2011, and definitive share certificates in respect of the New Assura Shares in certificated form will be dispatched to Shareholders by 12 January 2012. It is expected that the New Assura Shares taken up will commence trading fully paid on the London Stock Exchange tomorrow, 22 December 2011.

In accordance with the Underwriting Agreement, Investec and Cenkos Securities will be seeking to procure subscribers for the remaining New Assura Shares for which valid acceptances were not received. This amounts to 22,439,401 New Assura Shares.

The net proceeds from a placing of these New Assura Shares, after the deduction of the Issue Price of 30 pence per New Assura Share and the expenses of procuring subscribers (including any related commissions and amounts in respect of irrecoverable VAT) will be paid to those Shareholders whose rights have lapsed in accordance with the terms of the Rights Issue pro rata to their lapsed provisional allotments, save that individual amounts of less than £5.00 will not be paid to such persons but will be retained for the benefit of Assura.

Definitions used in this announcement have the same meaning as those used in the announcement of 23 November 2011.

For further information, please contact:

Enquiries:

Assura Group Limited                                                                                    01925 420 690

Simon Laffin, Non-executive Chairman

Nigel Rawlings, CEO

Cenkos Securities plc                                                                                     020 7397 8900

Ian Soanes

Adrian Hargrave

Investec Bank plc                                                                                             020 7597 5970

Gary Clarence

Patrick Robb

Daniel Adams

FTI Consulting                                                                                                   020 7831 3113

Ben Atwell

Stephanie Cuthbert

 

END

 

 

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