- Release Date: 02/07/13 11:41
- Summary: GENERAL: VHP: Three Month Status Report - Restricted Transfer Notice
- Price Sensitive: No
- Download Document 2.75KB
VHP 02/07/2013 09:41 GENERAL REL: 0941 HRS Vital Healthcare Property Trust GENERAL: VHP: Three Month Status Report - Restricted Transfer Notice Three Month Status Report - Restricted Transfer Notice 1. We refer to the Restricted Transfer Notice (the Restricted Transfer Notice) dated 2 April 2013 provided by NorthWest International Healthcare Properties Real Estate Investment Trust (NorthWest International) to Vital Healthcare Management Limited (VHML) and NZX Limited (NZX) pursuant to which NorthWest International gave notice of its intention to acquire an interest in up to 15,352,830 additional units (Units) in the Vital Healthcare Property Trust (NZX Code: VHP) (Vital) pursuant to orders placed through a trading participant for execution in and through NZX's order matching market (referred to herein as the Acquisitions) as contemplated by clause 16.4(a)(ii) of the Trust Deed relating to Vital between VHML and Trustees Executors Limited dated 1 September 1999 (as subsequently amended and restated) (the Trust Deed). 2. NorthWest International provides the following additional market information pursuant to NZX listing Rule 4.5.10 and clause 16.3(h) of the Trust Deed: (a) Consistent with the position stated in the Restricted Transfer Notice, NorthWest International remains keen to continue to support Vital and intends to increase its proportionate holding of Units to 24.99% in an orderly fashion, whether through supporting Vital's recently announced capital raising or on-market purchases. NorthWest International continues to expect to have completed Acquisitions within the twelve month period from 24 April 2013. Whether or not NorthWest International is able to increase its proportionate holding of Units to 24.99%, and the timing of any such increase, is likely to depend on a number of factors, including the timing of the implementation of Vital's announced capital raising; the extent to which NorthWest International's support of that capital raising leads to an increase in its proportionate holding of Units; and the movement of the market price for Units relative to the price range set out in the Restricted Transfer Notice over the applicable twelve month period. (b) Since the Restricted Transfer Notice, NorthWest International has acquired an interest in a further 66,673 Units pursuant to Acquisitions under the Restricted Transfer Notice. The details of those Acquisitions are set out in the attached Schedule. As the Restricted Transfer Notice contemplated Acquisitions of up to 15,352,830 Units, up to a further 15,286,157 Units may be acquired under the Restricted Transfer Notice. Yours faithfully, NorthWest International Healthcare Properties Real Estate Investment Trust Paul Dalla Lana End CA:00238106 For:VHP Type:GENERAL Time:2013-07-02 09:41:22
- Forums
- NZX - By Stock
- VHP
- Ann: GENERAL: VHP: Three Month Status Report - Re
Ann: GENERAL: VHP: Three Month Status Report - Re
Featured News
Add VHP (NZSX) to my watchlist
(20min delay)
|
|||||
Last
$1.87 |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
$1.87 | $1.88 | $1.85 | $931.5K | 498.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 18925 | $1.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.88 | 7000 | 0 |
Last trade - 11.00am 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
VHP (NZSX) Chart |