Investors shoot down Vital Healthcare restructure and ASX listing

Thu, 02 Apr 2020

The proposal to restructure Vital Healthcare Property Trust and list it on ASX has been shot down by unitholders, although they will still have to wear the estimated $8 million cost. Of those voting, 33.8 percent voted against. BusinessDesk understands the three institutional investors which had led a unitholder revolt in 2018 - including ANZ Investments which had already said publicly that it was opposed - voted against, as did the New Zealand Shareholders' Association. The vote had needed 75 percent of unitholders voting in favour to su...

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