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IN BRIEF: Assura exit from JSE delayed due to ‘misalignment’

ALN

Primary Health Properties PLC and Assura PLC say the delisting of Assura from the Johannesburg Stock Exchange will delay by nearly a week. Assura is due to delist from the JSE on October 29 from October 23. Say the hold-up is due to a misalignment in the timing of the UK Financial Conduct Authority admissions application process, with the timeline for the sale of the new PHP shares to Assura shareholders. Assura delisted from the London Stock Exchange on Monday last week.

PHP’s offer to Assura shareholders formally closed for acceptances on September 10.

Current PHP stock price in London: 92.35 pence, down 0.7% on Friday

12-month change: down 7.7%

Current PHP stock price in Johannesburg: R 21.75, up 2.1%

12-month change: down 4.9%

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