News: Eureka Group to make raising, acquisition

Eureka Group Holdings (ASX:EGH) is preparing to divulge details of a capital raising for further village acquisitions.

The company provides quality and affordable rental accommodation for seniors and disability pensioners, with all communities owned or managed by the company.

The company owns a small, but rapidly expanding portfolio of accommodation villages, and is a property asset manager of 25 villages nationally
with 1,409 units managed at the date of this AGM.

Eureka will own 312 units following the settlement of the Elizabeth Vale 2 acquisition in January 2015.

The halt will remain in place until the opening of trade on Tuesday 2nd December 2014, or earlier if a announcement is made to the market.