RNS Number : 4036C
Ashley House PLC
07 March 2011
Receipt of Assura monies and Special Interim Dividend
The Board of Ashley House plc ("Ashley House" or "the Company"), the health and social care infrastructure specialist, is pleased to advise that it has received in excess of GBP4.0 million from Assura Group Limited ("Assura") relating to the settlement of the "Ashley House arrangements" arising from the acquisition by Assura of AH Medical Properties Plc ("AHMP") as announced by the Company on 19 January 2011.
As a consequence of the acquisition, the Company's holding of 4,404,762 shares in AHMP was converted into 3,744,047 shares in Assura. After due consideration, the Board decided that there was no strategic advantage in holding these shares and consequently placed the stake in the market selling at a price of 45p per share on Thursday 3 March 2011 representing a total consideration of GBP1.7 million.
Following the two cash inflows referred to above, the Board is pleased to propose a Special Interim Dividend of 1.0p per share in relation to the 6 month period ended 31 October 2010.
Key dates in relation to the Special Interim Dividend are as follows:
Special Interim Dividend Announced 7 March 2011
Shares quoted ex dividend 16 March 2011
Record date for Special Interim Dividend 18 March 2011
Posting of forms (first class) 14 April 2011
Payment date 15 April 2011
Ashley House plc Tel: 01628 600340
Jonathan Holmes, Chief Executive
Tony Walters, Finance Director
Numis Securities Tel: 020 7260 1000
(NOMAD and broker to Ashley House)
Oliver Cardigan/ Simon Blank/ David Poutney
Citigate Dewe Rogerson Tel: 020 7638 9571
Sarah Gestetner/ Ged Brumby
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