Court hearing approves new corporate structure

RNS Number : 2651D

Assura Group Limited

27 January 2015

 



THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SELL OR THE SOLICITATION OF AN INVITATION OR OFFER TO BUY ANY SECURITY. NONE OF THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT SHALL BE SOLD, ISSUED, SUBSCRIBED FOR, PURCHASED, EXCHANGED OR TRANSFERRED IN ANY JURISDICTION IN CONTRAVENTION OF APPLICABLE LAW

27 January 2015

Assura Group Limited

Court hearing approves new corporate structure

The Board of Assura Group Limited is pleased to announce that at the Court Hearing this morning in connection with the proposals to change the Assura Group's corporate structure by inserting a new English-incorporated parent company at the head of the Assura Group, the Court gave its approval to the Scheme.

Pursuant to the Court Order, the Scheme will become effective at 8.00 am (London time) on 28 January 2015.  At that time it is expected that:

·           Assura Group Limited shares will be delisted and the Assura plc shares to be issued in connection with the Scheme will be admitted to the Premium segment of the Official List; and

·           the Assura plc shares to be issued in connection with the Scheme will be admitted to trading on the London Stock Exchange's main market for listed securities.

Capitalised terms, unless otherwise defined in this announcement, have the meaning given to them in the Circular published on 17 December 2014.

A copy of this announcement will be made available on the Company's website (www.assuragroup.co.uk).

For more information, please contact:

Assura Group Limited	Tel: [phone]
Jonathan Murphy Carolyn Jones
Finsbury	Tel: [phone]
Gordon Simpson

This announcement may contain certain forward-looking statements. These forward looking statements include all matters that are not historical facts. These forward looking statements involve risks and uncertainties that could cause the actual results of operations, financial condition, prospects and the development of the sector in which Assura operates to differ materially from the impression created by these forward-looking statements. Assura does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Do not place undue reliance on forward-looking statements, which speak only as of the date of this document.

Notes to Editors

Assura is a long-term investor in and developer of primary care property.  The company, headquartered in Warrington and listed on the London Stock Exchange, works with GPs, health professionals and the NHS to create innovative property solutions in order to facilitate delivery of high quality patient care in the community.  At 30 September 2014, Assura's property portfolio was valued at £809m.

Further information is available at www.assuragroup.co.uk.

-Ends-

 

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