Ann: QUARTER: ARV: Market Update

• Release Date: 30/01/15 14:41
• Summary: QUARTER: ARV: Market Update
• Price Sensitive: No
• Download Document  2.55KB

					ARV
30/01/2015 14:41
QUARTER
PRICE SENSITIVE
REL: 1441 HRS Arvida Group Limited (NS)

QUARTER: ARV: Market Update

Arvida Group Limited ("Arvida") is providing a market update in accordance
with the conditions of the waiver from NZX Main Board Listing Rule 10.4.2
granted by NZX on 31 December 2014.

Arvida confirms the following metrics as at 31 December 2014:

i. the aggregate overall occupancy rate as a percentage of total available
occupancy for all retirement villages owned by Arvida and its subsidiaries
("Arvida Group") is 97%;

ii. the aggregate overall occupancy rate as a percentage of total available
occupancy for all aged care facilities owned by the Arvida Group is 93%;

iii. the overall aggregate average age of residents in retirement village
units owned by the Arvida Group is 85 years;

iv. the total number of care beds (being resthome beds, dementia beds and
hospital beds that provide resident accommodation and various levels of care
and other services) for all retirement villages and all aged care facilities
owned by the Arvida Group ("Arvida Facilities") is 948;

v. the total number of villas for all Arvida Facilities is 351;

vi. the total number of apartments for all Arvida Facilities is 17; and

vii. the total number of serviced apartments for all Arvida Facilities is
446.

In respect of the two week period comprising the date of allotment of Arvida
shares under Arvida's IPO Prospectus (being 17 December 2014) to 31 December
2014, Arvida confirms:

viii. the process of integrating the retirement villages and aged care
facilities into Arvida has commenced. The villages and facilities continue to
operate on a business as usual basis, with the interests of residents coming
first. Plans are in place to commence work on a brand rollout that promotes
the individual villages and facilities, centralise some support functions and
introduce group compliance. Plans are also in place to optimise performance
and realise economies of scale through the procurement, marketing and finance
functions;

ix. there are no known details of any actual or pending changes to Government
policy, or any applicable legislation, that Arvida considers is likely to
materially affect funding of, or available to, Arvida; and

x. there are no other matters, events or issues which Arvida considers is
likely to materially negatively affect the prospective financial information
for the years ended 31 March 2015 and 31 March 2016 included in the
Prospectus, when considering the effect of the events as a whole.

- ENDS -
End CA:00260182 For:ARV    Type:QUARTER    Time:2015-01-30 14:41:08