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:

16 Apr 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:

9,001,611

0.67%

11,397,860

0.85%

(2) Cash-settled derivatives:

9,397,074

0.70%

8,283,147

0.62%

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

0

0.00%

0

0.00%

TOTAL: 

18,398,685

1.38%

19,681,007

1.47%

Class of relevant security:

Guaranteed Convertible Bond 2025

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

2,855,000

1.90%

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

1.90%

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

325551

0.9955 GBP

0.9882 GBP

12.5p ordinary

Sale

315910

0.9955 GBP

0.9916 GBP

12.5p ordinary

Sale

400000

24.7400 ZAR

24.7400 ZAR

(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

2,663

0.9925 GBP

12.5p ordinary

SWAP

Increasing Long

15,995

0.9929 GBP

12.5p ordinary

SWAP

Increasing Long

3,167

0.9935 GBP

12.5p ordinary

SWAP

Increasing Long

9,092

0.9939 GBP

12.5p ordinary

SWAP

Increasing Long

16,728

0.9954 GBP

12.5p ordinary

SWAP

Increasing Long

25,717

0.9955 GBP

12.5p ordinary

SWAP

Increasing Long

167

24.7442 ZAR

12.5p ordinary

SWAP

Decreasing Long

3,357

0.9887 GBP

12.5p ordinary

SWAP

Decreasing Long

48

0.9900 GBP

12.5p ordinary

SWAP

Decreasing Long

35,282

0.9903 GBP

12.5p ordinary

SWAP

Decreasing Long

6,213

0.9912 GBP

12.5p ordinary

SWAP

Decreasing Long

40,721

0.9934 GBP

12.5p ordinary

SWAP

Decreasing Long

24

0.9950 GBP

12.5p ordinary

SWAP

Decreasing Long

34,703

0.9955 GBP

12.5p ordinary

SWAP

Decreasing Long

1,344

0.9960 GBP

12.5p ordinary

CFD

Decreasing Short

39,499

0.9910 GBP

12.5p ordinary

CFD

Opening Long

400,000

0.9924 GBP

12.5p ordinary

CFD

Increasing Long

1,453

0.9934 GBP

12.5p ordinary

CFD

Decreasing Long

4,938

0.9943 GBP

12.5p ordinary

CFD

Opening Short

400,000

24.7424 ZAR

12.5p ordinary

CFD

Increasing Short

167

24.7455 ZAR

12.5p ordinary

CFD

Increasing Short

1,453

24.7474 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:

17 Apr 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213