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Vital rights offer successfully closed
20 July 2016
Vital rights offer successfully
closed
Vital Healthcare Property Trust (‘Vital’)
advises that the 2-for-9 pro rata renounceable rights offer,
announced on 21 June 2016, was successfully closed yesterday
at 5pm.
In accordance with the terms of the Offer
Document for the Rights Offer, 76,890,712 New Units are to
be issued. Of this 67,252,561 New Units were taken up by
unitholders, representing approximately 87% of the New Units
available
under the Rights Offer and gross proceeds of
approximately $139.9m. The balance of units not subscribed
for under the offer of approximately $20.0m will be
allocated to the Underwriter.
The New Units taken up under the Rights Offer will be allotted and begin trading on the NZX Main Board on 25 July 2016. Holding statements are expected to be mailed to unitholders on 1 August 2016.
Graeme Horsley, Independent Chairman of the Manager
said “The Board is extremely pleased with the outcome of
the Rights Offer, which provides further validation of
Vital’s strategy and allows us to continue to pursue
development,
acquisition and growth opportunities. The
Board wishes to thank all unitholders for their continued
strong support.”
- ENDS
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