22nd Jan 2016 07:28
LONDON (Alliance News) - Assura PLC Friday said it has struck a deal to acquire Malmesbury Medical Enterprise Ltd in a deal which will be partly satisfied through the issue of shares.
Assura, the UK real estate & investment trust and primary care property investor said it has acquired Malmesbury Medical by issuing the sellers with 876,22 shares in the company. Importantly, Assura said this was "as part of the consideration", but did not state any other financial details about the deal.
Assura said those shares that have been issued are expected to be admitted next Wednesday, and said based on its closing share price on January 20 of 52.6 pence per share, the value of the shares being issued to the sellers are worth around GBP500,000.
By Joshua Warner; [email protected]; @JoshAlliance
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