Oceania’s $80m raise fully subscribed

Staff reporters
Wed, 24 Mar 2021

Oceania Healthcare’s bookbuild for its $80 million institutional placement was fully subscribed at a fixed price of $1.30 per share.The aged care provider is raising $100m to fund the purchase of an existing retirement village and new land to expand a care facility into a integrated village. Oceania said existing shareholders were given priority allocation in the bookbuild, but the raise also attracted significant bids from other institutional investors.The remaining $20m still to be raised will come from a retail offer which will be...

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