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Special Dividend Finalisation Announcement And Conversion Rate
Assura plc
(Incorporated in England and Wales)
(Company Number: 09349441)
LEI number: 21380026T19N2Y52XF72
LSE Share Code: AGR
JSE Share Code: AHR
ISIN Code: GB00BVGBWW93
("Assura" or the "Company")
REVISED OFFER BY PRIMARY HEALTH PROPERTIES PLC BECOMES
UNCONDITIONAL
SPECIAL DIVIDEND FINALISATION ANNOUNCEMENT AND CONVERSION RATE
1. Introduction
1.1. Shareholders are referred to the announcement released on SENS on 15 July 2025,
regarding the Special Dividend payable in terms of the Revised Offer from Primary
Health Properties PLC ("PHP"), in lieu of and representing an acceleration of the
quarterly interim dividend otherwise expected to be paid by Assura during October
2025 ("Announcement"). The Special Dividend was declared by Assura conditional
on (i) the Revised Offer by PHP becoming or being declared Unconditional, and (ii)
Assura having received the necessary approval from the South African Reserve Bank
to pay the Special Dividend ("SARB Approval").
1.2. The Special Dividend is wholly Property Income Distribution ("PID").
1.3. As announced jointly by PHP and Assura on SENS yesterday, 12 August 2025, the
Revised Offer has become Unconditional.
1.4. Capitalised terms used but not defined herein shall have the meaning ascribed thereto
in the Announcement.
2. Receipt of SARB Approval
Assura has received the necessary SARB Approval for payment of the Special Dividend,
being the last remaining condition. The Special Dividend will therefore proceed in
accordance with the timetable set out in paragraph 4 below.
3. Currency Conversion
3.1 Based on a closing exchange rate of GBP1.00 = ZAR23.8479 on Tuesday, 12 August
2025, the equivalent gross Special Dividend amounts to ZAc20.03224 per Assura
share.
3.2 The Special Dividend is regarded as a "foreign dividend" (as defined in the South
African Income Tax Act No. 58 of 1962) for South African resident shareholders
holding shares on the South African register, and is therefore subject to dividend
withholding tax in South Africa ("SA Dividends Tax").
3.3 Accordingly, for those shareholders that are not exempt from paying dividend
withholding tax, the net cash Special Dividend will be as follows:
UK shareholders SA shareholders
(GBP pence) (ZAc)
Gross amount of Special Dividend 0.84 20.03224
payable
Less 20% UK withholding tax1 (0.168) (4.00645)
Net Special Dividend payable2 0.672 16.02579
Less effective 5% SA Dividends Tax n/a (1.00161)
for SA shareholders who are SA tax
residents3
Net Special Dividend payable 0.672 15.02418
Notes
1 Certain categories of UK shareholders may apply for exemption, in which case the
PID element will be paid gross of UK withholding tax.
2 Net position after deducting UK withholding tax for both UK and SA shareholders,
but before qualifying SA investors have claimed back 5% from His Majesty's Revenue
& Customs ("HMRC") under the double tax agreement between the UK and SA in
respect of withholding tax.
3 SA Dividends Tax applies at the rate of 20% for qualifying SA shareholders who are
SA tax residents, but such SA shareholders receive a rebate of the UK withholding
tax suffered (which is effectively 15%, after taking into account the 5% reclaimed from
HMRC as referred to in point 2).
3.4 Assura shareholders who are in doubt as to their tax status or position, including any
exchange control requirements, should consult an appropriate professional advisor
in their relevant jurisdiction without delay.
4. Timetable
4.1 The timetable for the payment of the Special Dividend to South African shareholders
is set out below:
2025
Last day to trade cum dividend on the JSE Wednesday, 13 August
Shares trade ex-dividend on the JSE Thursday, 14 August
Special Dividend record date on the JSE Monday, 18 August
Payment date by Tuesday, 26 August
4.2 To facilitate settlement of the Special Dividend to entitled South African shareholders,
share certificates may not be dematerialised or rematerialised between Thursday,
14 August 2025 and Monday, 18 August 2025, both dates inclusive.
4.3 From the commencement of trade on Tuesday, 12 August 2025 until the close of
trade on Monday, 18 August 2025, no cross-border removals will be permitted.
For more information, please contact:
Assura plc Tel: 0161 515 2043
David Purcell, Investor Relations Director Email: Investor@assura.co.uk
Assura shares are listed on the LSE, being the Company's primary listing, and the JSE,
Assura's secondary listing.
13 August 2025
Corporate Advisor and JSE Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 13-08-2025 08:00:00
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