Investor Presentation and Capital Raise announcement

INVESTOR PRESENTATION AND CAPITAL RAISE ANNOUNCEMENT

As per the announcement of 25 June 2024, Promisia Healthcare Limited (Promisia) (NZX: PHL) will be undertaking a capital raise in July 2024 by way of a combination of placements and a share purchase plan offered to all shareholders (Offer).

Promisia’s Investor Presentation

As part of this announcement, Promisia are pleased to share with the market a copy of Promisia’s investor presentation. This presentation has a strong focus on Promisia’s strategic outlook and provides comprehensive updates on the following:

• Promisia’s existing portfolio, operations and strategic objectives;
• commentary on the positive FY24 results and FY25 outlook;
• details around the mechanics of the Cromwell acquisition and the financial impact; and
• Promisia’s growth objectives and value opportunities.

The Offer

The Board has resolved to undertake the Offer at $0.001 per share with a minimum of $3 million to be raised. The Board has discretion to accept oversubscriptions of up to $1 million.

In addition, Promisia will offer one warrant for every share acquired under the Offer for no additional consideration. Each warrant gives shareholders the right, but not the obligation, to subscribe for one additional ordinary share in PHL on or before the expiry date for an exercise price of $0.002. The expiry date of the warrants is 24 March 2027. Application has been made to NZX for quotation of the warrants on the NZX Main Board and all the requirements of NZX that can be complied with on or before the date of this announcement have been duly complied with. However, NZX accepts no responsibility for any statement in this announcement.

The share purchase plan is intended to open on Thursday 11 July 2024 with a record date of Wednesday 10 July 2024. Eligible shareholders will be able to apply for NZ$50,000 of shares at an issue price of NZ$0.001, with the ability to over or under subscribe.

Shares issued under the placement and SPP will rank equally and be of the same class as the shares quoted on the NZX Main Board.

The proposed timetable of the share purchase plan is below:

SPP Ex date - Tuesday 9 July
Record Date for SPP - Wednesday 10 July (5pm)
SPP Opens - Thursday 11 July
SPP closes - Monday 29 July (5pm)
Settlement and allotment of SPP - Monday 5 August

The dates set out above are subject to change and are indicative only.

Authority for this announcement:

Rhonda Sherriff, Chair, Promisia Healthcare Limited

For more information, please contact:

Francisco Rodriguez Ferrere, General Manager – Finance, Promisia Healthcare Limited

Phone: +64 21 245 1801 or email: [email protected]

About Promisia Healthcare

Promisia is a New Zealand based aged care and retirement living provider, with a focus on delivering quality personalised care. Our aim is to be the aged care provider of choice in our communities. Our facilities are located in well-established and well serviced towns and metropolitan areas. Our goal is to profitably grow our business in a sustainable manner, delivering quality care to our residents, peace of mind to their families and whanau, and excellent value to our villages, community and shareholders. Promisia is listed on the NZX (NZX: PHL). http://www.promisia.co.nz.

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Announcement PDF