Assura plc (LSE:AGR) has confirmed the resignation of Ed Smith as Non-Executive Chair, effective immediately. Smith, who joined the board in 2017 and took on the role of Chair the following year, played a key role in shaping the company’s strategy and governance. His departure comes at a pivotal moment, with Primary Health Properties PLC (PHP) having made an offer to acquire Assura. Should PHP secure at least 75% of voting rights, Assura’s shares would be delisted. To ensure stability during this transition, Jonathan Davies has been appointed as the new Chair.
From a market perspective, Assura continues to demonstrate solid financial performance and an appealing valuation, supported by strong balance sheet fundamentals and an attractive dividend yield. However, technical indicators currently point to bearish momentum, signaling a need for caution despite the company’s operational strengths.
About Assura plc
Assura is a specialist healthcare real estate company focused on developing and managing primary care properties across the UK. Its portfolio supports the National Health Service (NHS) by delivering modern, purpose-built facilities that form a critical part of the country’s healthcare infrastructure.
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