Settlement of Ohaupo acquisition
GENERAL
Thu, Aug 05 2021 10:32 am
NZX RELEASE
5 August 2021
Radius Care announces settlement of Ohaupo acquisition
Further to the announcement made on 8 July 2021, Radius Residential Care Limited (NZX: RAD) (Radius Care) confirms that the acquisition of the land and buildings at four strategically important leased sites in Auckland, Waikato, Taranaki and Canterbury from Ohaupo Holdings Limited has now settled, including the issue of the share component of the consideration.
Radius Care’s Executive Chairman, Brien Cree, says: “The acquisition of these strategically important facilities demonstrate strong progress on our Listing Profile strategy, which we communicated to the market last December. We will continue to focus on pursuing value-enhancing growth opportunities”.
-ends-
CONTACT DETAILS
For further information, please contact:
Stuart Bilbrough
Chief Executive Officer
Phone: +64 21 252 5778
Email: [email protected]
Announcement PDF
Markets News
Property
Ryman outlines plan to get ‘Fit for the Future’
A new pricing regime comes as the company seeks amendments to loan covenants.
Markets
Simon Herbert fires salvo at Vital: 'It needs new direction'
Herbert unimpressed by Vital's refusal for due diligence and failure to meet guidance.
Markets
Airwork selling assets to reduce debt
The business is reportedly being hit hard by increasing air freight industry competition.
