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:

28 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:

2,878,536

0.22%

11,777,761

0.88%

(2) Cash-settled derivatives:

10,688,415

0.80%

2,170,048

0.16%

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

0

0.00%

0

0.00%

TOTAL:

13,566,951

1.02%

13,947,809

1.04%

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

602972

0.9489 GBP

0.9415 GBP

12.5p ordinary

Sale

298752

0.9480 GBP

0.9396 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

Decreasing Short

4,003

22.5036 ZAR

12.5p ordinary

SWAP

Increasing Short

1,462

23.1860 ZAR

12.5p ordinary

SWAP

Opening Long

3,087

0.9413 GBP

12.5p ordinary

SWAP

Increasing Long

7,426

0.9416 GBP

12.5p ordinary

SWAP

Increasing Long

35,817

0.9432 GBP

12.5p ordinary

SWAP

Increasing Long

6,824

0.9437 GBP

12.5p ordinary

SWAP

Increasing Long

56,499

0.9440 GBP

12.5p ordinary

SWAP

Increasing Long

77,553

0.9460 GBP

12.5p ordinary

SWAP

Increasing Long

24,073

0.9480 GBP

12.5p ordinary

SWAP

Increasing Long

8,234

0.9485 GBP

12.5p ordinary

SWAP

Decreasing Long

9,500

0.9423 GBP

12.5p ordinary

SWAP

Decreasing Long

9,072

0.9437 GBP

12.5p ordinary

SWAP

Decreasing Long

1

0.9440 GBP

12.5p ordinary

SWAP

Decreasing Long

10,274

0.9444 GBP

12.5p ordinary

SWAP

Decreasing Long

2,304

0.9447 GBP

12.5p ordinary

SWAP

Decreasing Long

10,571

0.9452 GBP

12.5p ordinary

SWAP

Decreasing Long

21,181

0.9455 GBP

12.5p ordinary

SWAP

Decreasing Long

166,180

0.9459 GBP

12.5p ordinary

SWAP

Decreasing Long

20,171

0.9460 GBP

12.5p ordinary

SWAP

Decreasing Long

26,919

0.9461 GBP

12.5p ordinary

SWAP

Decreasing Long

59,680

0.9462 GBP

12.5p ordinary

SWAP

Decreasing Long

111,229

0.9480 GBP

12.5p ordinary

CFD

Decreasing Short

512

0.9429 GBP

12.5p ordinary

CFD

Decreasing Short

2,863

0.9434 GBP

12.5p ordinary

CFD

Decreasing Short

3,263

0.9436 GBP

12.5p ordinary

CFD

Decreasing Short

12,184

0.9445 GBP

12.5p ordinary

CFD

Increasing Short

57,731

0.9440 GBP

12.5p ordinary

CFD

Increasing Short

6,186

0.9456 GBP

12.5p ordinary

CFD

Increasing Short

1,361

0.9460 GBP

12.5p ordinary

CFD

Increasing Short

18,587

0.9480 GBP

12.5p ordinary

CFD

Opening Long

1,462

23.1830 ZAR

12.5p ordinary

CFD

Decreasing Long

4,003

22.5065 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:

31 Mar 2025

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213