Warrington-based developer and investor, Assura plc, will join the London Stock Exchange’s FTSE 250 Index. The entry will take effect from 21 December 2015.
Over the last three years the company has grown significantly; net assets have increased threefold during this time, Assura’s share price has doubled, underlying profit is up 124 percent and dividends are almost twice what they were at the start of this same period. Assura’s portfolio value is now £1,025 million and the market cap is now over GBP 900 million up from GBP 150 million on its re-launch in 2012.
Graham Roberts, CEO at Assura, said: “We are pleased to be entering the FTSE250 which is a reflection of Assura’s transformational performance over the past few years into the sector’s market leader.
“As we look to the future, we are very much focused on continuing this strong growth. There is significant opportunity, with a highly fragmented market and an ever increasing requirement for high quality primary care space across the country.”
The growth story for the North West business has been a remarkable one, having evolved through a combination of innovative primary care development and a number of high profile acquisitions. Assura’s corporate portfolio now includes 301 properties, with 25 per cent of the developments located within a 50-mile radius of the company’s Warrington base.
ENDS
Press Contact: Elizabeth Bedford at MC2