Form 8.5 EPT/Non RI PRIMARY HEALTH PROPERTIES PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

PRIMARY HEALTH PROPERTIES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

ASSURA PLC

(d)

Date position held/dealing undertaken:

25 Mar 2025

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: ASSURA PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

12.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

2,127,223

0.16%

12,734,655

0.95%

(2) Cash-settled derivatives:

11,589,588

0.87%

1,490,299

0.11%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

13,716,811

1.03%

14,224,954

1.06%

Class of relevant security:

Convertible Bond XS2016141637

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

2,855,000

0.21%

0

0.00%

(2) Cash-settled derivatives:

0

0.00%

0

0.00%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

2,855,000

0.21%

0

0.00%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

12.5p ordinary

Purchase

538030

0.9615 GBP

0.9520 GBP

12.5p ordinary

Sale

201749

0.9615 GBP

0.9533 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

12.5p ordinary

SWAP

Increasing Long

172

22.3537 ZAR

12.5p ordinary

SWAP

Increasing Long

50

22.5138 ZAR

12.5p ordinary

SWAP

Decreasing Long

48,359

23.2960 ZAR

12.5p ordinary

SWAP

Increasing Long

892

0.9520 GBP

12.5p ordinary

SWAP

Increasing Long

17,588

0.9560 GBP

12.5p ordinary

SWAP

Increasing Long

829

0.9575 GBP

12.5p ordinary

SWAP

Increasing Long

1,557

0.9590 GBP

12.5p ordinary

SWAP

Decreasing Long

226,700

0.9520 GBP

12.5p ordinary

SWAP

Decreasing Long

444

0.9535 GBP

12.5p ordinary

SWAP

Decreasing Long

77,598

0.9536 GBP

12.5p ordinary

SWAP

Decreasing Long

11,032

0.9544 GBP

12.5p ordinary

SWAP

Decreasing Long

12,219

0.9559 GBP

12.5p ordinary

SWAP

Decreasing Long

39,562

0.9563 GBP

12.5p ordinary

SWAP

Decreasing Long

1,542

0.9571 GBP

12.5p ordinary

SWAP

Decreasing Long

20,037

0.9573 GBP

12.5p ordinary

SWAP

Decreasing Long

486

0.9575 GBP

12.5p ordinary

SWAP

Decreasing Long

1

0.9580 GBP

12.5p ordinary

SWAP

Decreasing Long

2,200

0.9597 GBP

12.5p ordinary

SWAP

Decreasing Long

3,640

0.9600 GBP

12.5p ordinary

CFD

Decreasing Short

2,297

0.9519 GBP

12.5p ordinary

CFD

Decreasing Short

9,200

0.9535 GBP

12.5p ordinary

CFD

Decreasing Short

16,341

0.9570 GBP

12.5p ordinary

CFD

Decreasing Short

56,495

0.9574 GBP

12.5p ordinary

CFD

Decreasing Short

5,465

0.9575 GBP

12.5p ordinary

CFD

Decreasing Short

423

0.9585 GBP

12.5p ordinary

CFD

Increasing Short

47,757

0.9582 GBP

12.5p ordinary

CFD

Increasing Short

1,563

0.9596 GBP

12.5p ordinary

CFD

Decreasing Short

48,359

23.2930 ZAR

12.5p ordinary

CFD

Increasing Short

172

22.3566 ZAR

12.5p ordinary

CFD

Increasing Short

50

22.5150 ZAR

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

26 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213