REG - Mirabella Financial Primary Health Props Assura plc - Form 8.3 - Primary Health Properties PLC
11/07/2025 18:30
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RNS Number : 8139Q Mirabella Financial Services LLP 11 July 2025
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
Amendment - this form replaces RNS 9055I , published at 14:27 on
19/05/25 . Changes have been made to Section 1e, 1f, 2a, 3a, 3b
(a) Full name of discloser: Mirabella Financial Services LLP
(b) Owner or controller of interests and short positions disclosed, if
different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a
trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form Primary Health Properties plc (PHP)
relates:
ISIN: XS2016141637
Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an offeror/offeree, state this
and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: 10 July 2025
For an opening position disclosure, state the latest practicable date In addition, Mirabella Financial Services LLP has dealt on previous dates
prior to the disclosure during the offer period as attached at the end of this form
(f) In addition to the company in 1(c) above, is the discloser making Yes, for Assura plc (AGR LN)
disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.
(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: Guaranteed Convertible Bond 2025
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 30,000,000 20.00%
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to
purchase/sell:
30,000,000 20.00%
TOTAL:
Class of relevant security: 12.5p ordinary
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled:
(2) Cash-settled derivatives: 1,172,543 0.09% 19,883,970 1.48%
(3) Stock-settled derivatives (including options) and agreements to
purchase/sell:
1,172,543 0.09% 19,883,970 1.48%
TOTAL:
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors'
and other employee 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 PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security Purchase/sale Number of securities Price per unit
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short
position
(GBP)
12.5p ordinary SWAP Increasing long position 67,736 0.966
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security Product description e.g. call option 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
e.g. American, European etc.
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
4. OTHER INFORMATION
(a) Indemnity and other dealing 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 person
making the disclosure and any party to the offer or any person acting in
concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If
there are no such agreements, arrangements or understandings, state "none"
None
(b) Agreements, arrangements or understandings relating to
options or derivatives
Details of any agreement, arrangement or understanding, formal or informal,
between the person 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 or future acquisition or disposal of any relevant
securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO
Date of disclosure: 11 July 2025
Contact name: Suzanne Porter
Telephone number*: +44 (0) 20 7042 0510
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be
included, provided contact information has been provided to the Panel's Market
Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .
Previous dealings
Purchases and sales:
Date Class of relevant security Purchase/sale Number of securities Price per unit
(GBP)
10/03/2025 Guaranteed Convertible Bond 2025 Purchase 30,000,000 0.993
Cash-settled derivative transactions:
PHP LN
Date of dealing Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
10/03/2025 12.5p ordinary SWAP Opening long position 179,240 0.939
11/03/2025 12.5p ordinary SWAP Reducing long position 75,763 0.960
12/03/2025 12.5p ordinary SWAP Reducing long position 41,772 0.957
13/03/2025 12.5p ordinary SWAP Reducing long position 1,158 0.940
19/03/2025 12.5p ordinary SWAP Increasing long position 2,892 0.950
25/03/2025 12.5p ordinary SWAP Increasing long position 3,676 0.952
26/03/2025 12.5p ordinary SWAP Increasing long position 17,843 0.959
27/03/2025 12.5p ordinary SWAP Increasing long position 15,140 0.933
28/03/2025 12.5p ordinary SWAP Increasing long position 28,011 0.948
31/03/2025 12.5p ordinary SWAP Increasing long position 10,758 0.938
04/04/2025 12.5p ordinary SWAP Reducing long position 936 0.952
07/04/2025 12.5p ordinary SWAP Reducing long position 37,144 0.920
09/04/2025 12.5p ordinary SWAP Reducing long position 9,869 0.927
09/04/2025 12.5p ordinary CFD Increasing short position 3,413,815 0.927
10/04/2025 12.5p ordinary SWAP Reducing long position 4,495 0.953
10/04/2025 12.5p ordinary CFD Increasing short position 3,217,639 0.953
11/04/2025 12.5p ordinary SWAP Reducing long position 6,707 0.973
07/05/2025 12.5p ordinary SWAP Increasing long position 104,637 1.029
08/05/2025 12.5p ordinary SWAP Increasing long position 136,603 1.007
12/05/2025 12.5p ordinary SWAP Increasing long position 25,493 0.995
12/05/2025 12.5p ordinary CFD Increasing short position 1,424,325 0.995
13/05/2025 12.5p ordinary CFD Increasing short position 1,000,000 0.990
14/05/2025 12.5p ordinary CFD Increasing short position 30,517 0.980
15/05/2025 12.5p ordinary CFD Increasing short position 450,000 0.995
22/05/2025 12.5p ordinary SWAP Increasing long position 4,315 0.987
22/05/2025 12.5p ordinary TRS Increasing short position 780,821 0.987
23/05/2025 12.5p ordinary SWAP Increasing long position 76,422 0.987
23/05/2025 12.5p ordinary TRS Increasing short position 990,609 0.987
27/05/2025 12.5p ordinary SWAP Increasing long position 72,576 0.990
27/05/2025 12.5p ordinary TRS Increasing short position 763,360 0.990
28/05/2025 12.5p ordinary SWAP Increasing long position 52,351 0.988
28/05/2025 12.5p ordinary TRS Increasing short position 235,425 0.988
30/05/2025 12.5p ordinary SWAP Increasing long position 99,304 1.006
30/05/2025 12.5p ordinary SWAP Increasing short position 14,094 1.006
02/06/2025 12.5p ordinary SWAP Increasing long position 43,507 1.005
11/06/2025 12.5p ordinary SWAP Increasing long position 53,626 1.032
12/06/2025 12.5p ordinary SWAP Reducing long position 53,626 1.030
12/06/2025 12.5p ordinary SWAP Increasing short position 28,941 1.030
18/06/2025 12.5p ordinary SWAP Increasing long position 27,244 1.035
19/06/2025 12.5p ordinary SWAP Increasing long position 48,342 1.030
23/06/2025 12.5p ordinary SWAP Reducing long position 24,101 0.992
23/06/2025 12.5p ordinary SWAP Increasing short position 243,260 0.992
23/06/2025 12.5p ordinary TRS Increasing short position 6,147,376 0.992
24/06/2025 12.5p ordinary SWAP Increasing long position 198,713 0.992
24/06/2025 12.5p ordinary TRS Increasing short position 1,111,948 0.992
26/06/2025 12.5p ordinary TRS Increasing short position 8,140 0.998
27/06/2025 12.5p ordinary TRS Increasing short position 40,344 1.003
30/06/2025 12.5p ordinary SWAP Reducing short position 26,569 0.989
30/06/2025 12.5p ordinary TRS Increasing short position 24,794 0.989
01/07/2025 12.5p ordinary SWAP Increasing long position 87,202 1.000
01/07/2025 12.5p ordinary SWAP Reducing short position 14,869 1.000
02/07/2025 12.5p ordinary SWAP Increasing long position 36,394 0.978
07/07/2025 12.5p ordinary SWAP Increasing long position 31,382 0.968
09/07/2025 12.5p ordinary SWAP Increasing long position 4,707 0.966
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