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- Release Date: 18/10/13 16:25
- Summary: GENERAL: MET: Metlifecare Confirms ASX Listing
- Price Sensitive: No
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MET
18/10/2013 14:25
GENERAL
REL: 1425 HRS Metlifecare Limited
GENERAL: MET: Metlifecare Confirms ASX Listing
METLIFECARE CONFIRMS ASX LISTING
Metlifecare, one of New Zealand's leading retirement village and aged care
providers, has been advised by the Australian Securities Exchange that it has
been admitted to the Official List of the ASX.
Metlifecare shares will commence trading on the ASX, under the code MEQ at
1.00pm (A.E.S.T.) on 21 October 2013. The ticker code for the NZX will
remain as MET. Metlifecare will be a member of the healthcare index.
Metlifecare has prepared the attached Prospectus as part of the ASX listing
process. Metlifecare is not undertaking any capital raising and has no
current plans to do so.
Chairman of Metlifecare, Mr Peter Brown, said:
"This secondary listing will provide Metlifecare with additional access to
investors and the Australian equity markets. While we already have a number
of Australian institutional investors on our share register, there has been
increased interest from other investors, some of whom are restricted in their
ability to invest into non-ASX listed companies. This will provide them with
an opportunity to participate in Metlifecare's growth and value proposition.
We have no plans to expand operationally into Australia and are firmly
focused on the significant opportunity in the New Zealand market,
particularly in our targeted geographical area in the upper North Island and
achieving our growth targets."
Computershare will continue as Metlifecare's share registrar in New Zealand
and now Australia. Shareholders will be able to trade their shares on either
the NZX or the ASX, dependent on which share register their shares are
registered with. Currently all MET shareholders are registered in New
Zealand. They will have the option of transferring their shares onto the
Australian register should they prefer.
ENDS
Released on behalf of Metlifecare by Jackie Ellis, spice communications group
tel +64 9 360 8500 or email [email protected]
For more information, please contact:
Alan Edwards
Managing Director & CEO
Tel: +64 9 539 8000
About Metlifecare
Metlifecare is a publicly-listed aged care and retirement lifestyle company.
Established in 1984, the company has a proven track record of successfully
owning and managing retirement villages in New Zealand. Metlifecare currently
owns villages in prime locations throughout the North Island of New Zealand,
with most providing a full continuum of care from independent villas and
apartments through to serviced apartments, rest homes and hospitals.
www.metlifecare.co.nz
End CA:00242583 For:MET Type:GENERAL Time:2013-10-18 14:25:33
