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- Release Date: 25/06/13 11:56
- Summary: RIGHT: VHP: Vital announces pro rata renounceable rights issue
- Price Sensitive: No
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VHP
25/06/2013 09:56
RIGHT
REL: 0956 HRS Vital Healthcare Property Trust
RIGHT: VHP: Vital announces pro rata renounceable rights issue
25 June 2013
Vital announces pro rata renounceable rights issue
Vital Healthcare Management Limited (the 'Manager'), the manager of Vital
Healthcare Property Trust ('Vital'), today announced that Vital intends to
undertake a pro rata renounceable offer of new units to existing unitholders,
to open in late July (the 'Offer').
As a consequence, the Board of the Manager has decided to temporarily suspend
Vital's Distribution Reinvestment Plan ('Plan') and will not proceed with the
issue of units under that Plan in respect of the third quarter distribution.
Unitholders who had elected to participate in the Plan will, therefore, be
paid the third quarter distribution in cash, less any applicable withholding
tax.
The Board expects to finalise and announce the pricing, terms and size of the
Offer in early July.
No money is currently being sought and no applications for units will be
accepted or money received unless the subscriber has received a copy of the
simplified disclosure prospectus for the Offer made available by the Manager.
A person should consider that prospectus, once available, in deciding
whether to acquire units.
- ENDS -
ENQUIRIES
David Carr, Chief Executive Officer
Vital Healthcare Management Ltd
Telephone 09 973 7301
Email [email protected]
Stuart Harrison, Chief Financial Officer
Vital Healthcare Management Ltd
Telephone 09 973 7302
Email [email protected]
End CA:00237764 For:VHP Type:RIGHT Time:2013-06-25 09:56:07
