26 August 2013
Allotment of units of Vital Healthcare Property Trust
Vital Healthcare Management Limited the Manager of Vital Healthcare Property Trust (“the Trust”) is pleased to advise
the allotment of New Units following the successful completion of its 1-for-10 pro-rata renounceable rights offer
(‘Offer’), under the Simplified Disclosure Prospectus dated 4 July 2013.
The Offer at $1.275 for each New Unit received strong support with approximately 88% of the rights available under the
Offer subscribed directly by existing unitholders and following rights trading. This equated to around 27.2 million of
new units (or $34.6 million), resulting in only 3.5 million New Units being available under the Oversubscription
The Oversubscription Facility received a higher level of application than New Units available for allocation under it.
Oversubscription applications have therefore been allocated and/or scaled back in accordance with the Simplified
Disclosure Prospectus, with refunds to be sent to unitholders on Monday 26th August.
Graeme Horsley, Independent Chairman said “The Board is extremely pleased with the outcome. We believe the strong
unitholder support of the Offer further endorses the Trust’s growth and diversification strategy and the Board would
like to thank all our unitholders for their on-going support of the Trust”.
Chief Executive David Carr said “The funds will initially be used to repay bank debt. However, the successful capital
raising also provides the Trust with added flexibility to undertake any ongoing capital expenditure projects or
strategic acquisitions, as they arise”.
The New Units applied for under the Offer were allotted on Friday 23rd August with unitholder statements being mailed
For the purposes of Listing Rule 7.12.1, the Manager of Vital Healthcare Property Trust, Vital Healthcare Management
Limited, hereby advises the following new units have been issued:
(a) Class of Security: Vital Healthcare Property Trust ordinary units ISIN: NZCHPE0001S4 (b) Number issued: 30,704,892
(c) Issue price: $1.275 per unit (d) Payment terms: Cash, pursuant to the Simplified Disclosure Prospectus dated 4 July
2013 (e) Amount paid up: Fully paid (f) Percentage of Class of 10.0% of the total number of units on issue Securities
issued: immediately prior to the issue of the new units (g) Reason for issue: 1:10 rights issue described in the
Simplified Disclosure Prospectus dated 4 July 2013 (h) Specific authority for issue: Board resolution dated 3 July 2013
(i) Terms of issue: The units will rank equally in all respects with existing ordinary units in the Trust (j) Total
number of Securities of Class in existence after issue: 337,742,960 (k) Treasury Stock: Not applicable (l) Date of
issue: 23 August 2013
- ENDS -