Restrictions lift on Oceania Healthcare 57% stake this Friday; may create overhang

Tue, 24 Jul 2018

By Tina Morrison July 24 (BusinessDesk) - A majority stake in Oceania Healthcare may come into play after the aged care and retirement village operator reports its 2018 annual result after just over a year as a publicly traded company. The Auckland-based company is scheduled to report full-year earnings for the 12 months ended May 31 on Thursday. Under the conditions outlined in its initial public offering, a 57 percent stake in the company held by Macquarie Group managed funds and senior managers will be able to be sold from Friday when...

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