Ann: S/HOLDER: ARV: Arvida Welcome Letter

• Release Date: 18/12/14 10:29
• Summary: S/HOLDER: ARV: Arvida Welcome Letter
• Price Sensitive: No
• Download Document  3.05KB

					ARV
18/12/2014 10:29
S/HOLDER
NOT PRICE SENSITIVE
REL: 1029 HRS Arvida Group Limited (NS)

S/HOLDER: ARV: Arvida Welcome Letter

Arvida Group Limited
Suite 3.5 Axis Building
91 St Georges Bay Road
Parnell
Auckland 1052
New Zealand
www.arvida.co.nz

Dear Shareholder,
On behalf of the Arvida Group Limited Board and management team, it is my
pleasure to welcome you as a shareholder of Arvida.

As an investor you will now have the opportunity to participate in a quality
NZX listed, care focused retirement village and aged care business. Arvida
currently comprises 952 aged care beds, 450 serviced apartments, 16
apartments and 346 villas, providing care services and accommodation to over
1,800 residents across 17 facilities, making it one of the larger industry
participants.

As set out in our Investment Statement, dated 17 November 2014, Arvida will
pursue a growth strategy through a range of initiatives including the
development of Arvida's existing brownfield development opportunities,
potential new acquisitions and, in time, greenfield development.

Arvida has an experienced and capable Board and management team, led by CEO
Bill McDonald who has more than 12 years' experience in the retirement
village and aged care sector. The Board and management team aim to maintain
the identity and management expertise of individual villages, while creating
a new corporate structure that benefits, motivates and supports residents,
village managers and shareholders. Arvida's Board is confident in the
company's ability to generate strong cash flows and pursue growth initiatives
for all investors.

Shareholder Communications

The Board and management team are committed to keeping shareholders informed
with timely, accurate and complete information.

Arvida's website www.arvida.co.nz is an excellent source of information about
what is happening within the company and allows you to view all regular
investor communications, news, and information on the latest operating and
financial results.

Enclosed is a statement of your initial shareholding. I would also encourage
you to check and, if necessary, update your shareholder information online at
www.investorcentre.com/nz. You will need your CSN and FIN to register on
Investor Centre in order to view and update your shareholdings.

Our current dividend policy is to distribute between 60% and 80% of
underlying profit per annum, with the intention to pay dividends on a
quarterly basis. Based on current earnings forecasts, Arvida intends to pay a
first dividend of approximately $2.3 million in June 2015 for the financial
quarter ended 31 March 2015. Arvida intends to attach imputation credits to
the extent they are available.

I look forward to sharing Arvida's results up to 31 March 2015 with you in
May, and seeing you at our first annual shareholder meeting next August. If
you have elected to receive electronic communications when applying for
shares you will receive an email with a link to the annual report rather than
receiving a printed copy.

Yours sincerely,

Peter Wilson
End CA:00259086 For:ARV    Type:S/HOLDER   Time:2014-12-18 10:29:37