19th Aug 2025 07:59
(Alliance News) - Assura PLC announced on Tuesday its Chair Ed Smith has resigned with immediate effect.
Smith's resignation comes a week after an offer from its peer Primary Health Properties PLC became unconditional on Tuesday last week.
As at 1300 BST on Tuesday, PHP had received valid acceptances of the offer amounting to around 2.05 billion Assura shares, representing about 62.9% of the issued share capital of Assura.
Assura said on Tuesday it has appointed the Senior Non-Executive Director Jonathan Davies as chair. Davies joined the board in 2018.
Smith became a non-executive director of Assura in 2017 and took over as its chair in 2018.
"We sincerely thank Ed for his huge contribution to the success of Assura over the past seven years," Assura Chief Executive Officer Jonathan Murphy said.
"On behalf of the Board, I would like to thank Ed for his fantastic leadership and stewardship of the business during his term as chair," Davies said.
On Tuesday, Assura also noted that the PHP offer was declared wholly unconditional on Tuesday last week and it remains open for acceptance until further notice.
If PHP acquires Assura shares carrying 75% or more of its voting rights, PHP intends to seek delisting of Assura from the London Stock Exchange and the Johannesburg Stock Exchange, Assura confirmed.
By Artwell Dlamini, Alliance News senior reporter South Africa
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
AssuraPrimary Health