Potential Acquisition

RNS Number : 7695X

Assura Group Limited

10 December 2010

 



Assura Group Limited ("Assura" or the "Company")

Potential Acquisition

The Board of Assura notes today's press speculation concerning the possible acquisition, by the Company, of AH Medical Properties plc ("AHMP") and, separately, the possibility of an offer for the Company.

Assura confirms that it is in negotiations with AHMP regarding a possible offer for AHMP.  Due diligence is in progress.  There can be no certainty that these negotiations will lead to an offer being made by Assura for AHMP nor as to the terms of any offer. 

Assura confirms that it is not in discussions with any party regarding a possible offer for the Company.

Rule 2.10

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, Assura Group Limited confirms that it has 317,467,036 ordinary shares of 10 pence each in issue. The ISIN reference for these securities is GB0033732602.

Enquiries:

Nigel Rawlings, CEO          Conor Daly, Company Secretary	01928 737 000
Financial Dynamics     Ben Atwell                Ben Brewerton	020 7831 3113
Cenkos Securities      Ian Soanes Adrian Hargrave	020 7397 8922

Disclosure requirements of the Code                     

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any paper offeror is first identified. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror(s).

An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement in which any paper offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a paper offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company or of any paper offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any paper offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any paper offeror, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a paper offeror, they will be deemed to be a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified.

If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on [phone].

 

END

 

 

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