New NZX rules to strip Vital Healthcare investors of rights

Wed, 16 Jan 2019

By Jenny Ruth Jan. 16 (BusinessDesk) - New NZX listing rules which Vital Healthcare Property Trust’s manager is proposing to adopt from Friday will wipe out just about all the investor protections that an NZX listing normally provides. These include rights to have independent directors on the manager’s board, rights to have annual meetings and rights to approve major or related-party transactions. On Jan. 10, the manager, owned by Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, said it intends to adopt the ne...

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