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Assura placing raises £98.4m

21 June 2017 07:41

Assura has raised £98.4m, gross, through a placing of 163,999,820 new ordinary shares at 60p apiece.

The placing shares represent around 9.9% of Assura's issued ordinary share capital immediately prior to the placing.

Assura said it consulted with its major institutional shareholders in advance of agreeing to undertake the placing.

The placing shares do not qualify for the next quarterly interim dividend of 0.60 pence per share payable on 19 July to holders of ordinary shares on the register on 16 June.

Chief executive Jonathan Murphy said: "There is significant support across the UK political spectrum for further investment in primary care premises, and Assura is well placed to help plans become reality in a market that is in critical need of investment.

"We are pleased with the investor interest in this placement, which was significantly oversubscribed, and this allows us to build on our leading position in the sector by taking advantage of the opportunities in the market while also maintaining a strong balance sheet."

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