Oceania $20 million Retail Offer oversubscribed

OFFER

Thu, Apr 15 2021 09:03 am

NZX RELEASE

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

15 April 2021

Oceania $20 million Retail Offer oversubscribed

Oceania Healthcare Limited (NZX/ASX: OCA) (Oceania) is pleased to announce that its non-underwritten NZ$20 million retail offer (Retail Offer) has closed oversubscribed. The Retail Offer was well supported by shareholders, with Oceania receiving applications totalling approximately NZ$50 million. Scaling and the return of any surplus application amounts will be carried out in accordance with the terms of the Retail Offer contained in the Retail Offer booklet dated 25 March 2021.

Under the Retail Offer, eligible existing shareholders whose address was recorded in Oceania’s share register as being in New Zealand as at 22 March 2021 could each subscribe for up to NZ$50,000 worth of new Oceania shares. Over 5,000 Oceania shareholders applied under the Retail Offer, with an average application size of approximately NZ$9,600.

The Retail Offer was part of Oceania’s equity raising announced on 23 March 2021, under which Oceania also undertook a fully underwritten NZ$80 million placement of new shares to institutional shareholders in New Zealand, Australia and certain other jurisdictions.

The new shares under the Retail Offer will be issued at a price of NZ$1.2796, being a 2.5% discount to the five-day volume weighted average market price of Oceania shares traded on the NZX Main Board over the five business day period prior to, and including, the closing date of the Retail Offer.

Settlement of the Retail Offer is expected to occur tomorrow, 16 April 2021. Trading of new shares issued under the Retail Offer is also expected to commence on NZX tomorrow, 16 April 2021. New shares issued under the Retail Offer will rank equally in all respects with Oceania’s existing ordinary shares.

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CONTACT DETAILS

Investor enquiries: please email: [email protected]

Media enquiries: Kelly Bennett, [email protected], Ph +64 21 380 035

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
This announcement does not constitute an offer of securities in any place outside New Zealand. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any shares in the United States or in any jurisdiction in which such an offer would be illegal. The offer and sale of the shares referred to in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933 or the securities laws of any state or other jurisdiction of the United States and accordingly, such shares may not be offered, sold or otherwise transferred, directly or indirectly, in the United States or to any person acting for the account or benefit of a person in the United States (to the extent such person is acting for the account or benefit of a person in the United States).
You must not send copies of this announcement or any other material relating to the Retail Offer to any person in the United States or elsewhere outside New Zealand.