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Assura raises £310.7M from share issue

Assura Plc raked in gross proceeds of £310.7 million from its share issue, with the open offer closing Dec. 1 at 11 a.m., London time.

A total of 545,124,813 new ordinary shares will be issued at the offer price of 57 pence apiece.

The company received valid acceptances from qualifying shareholders for 239,908,455 new ordinary shares under the open offer, representing roughly 72.1% of the new ordinary shares available under the open offer. The remaining 92,946,845 new ordinary shares were taken up pursuant to the placing. Under the offer for subscription, the company received valid acceptances for 18,809,024 new ordinary shares.

The issue is subject to approval at the company's Dec. 4 general meeting, among other conditions.

Admission of the shares on the London bourse is expected Dec. 6.