Further information as part of DLT consultation

MKTUPDTE
Mon, Dec 09 2024 08:30 am

Further information as part of Dual Listed Trust (DLT) consultation

As announced to the market on 20 November 2024, Northwest Healthcare Properties Management Limited (the Manager), as manager of Vital Healthcare Property Trust (Vital), is currently undertaking a consultation with Unit Holders on a Proposal that would involve restructuring Vital into separate New Zealand and Australian trusts with independently traded primary listings on the NZX and the ASX, with equalisation arrangements put in place such that Vital would continue to function as a single economic entity (the Proposal).

As part of the consultation process the Manager has received requests for additional information from investors to enable them to assess the Proposal and provide detailed feedback.

Accordingly, the Manager is releasing today the attached Q&A document containing further information to address key investor questions received. Work on developing the Proposal is ongoing and the information provided is indicative only, with a view to facilitating engagement on the Proposal at a relatively early stage.

All information provided is subject to the limitations noted throughout as well as the important notices on the last page. In particular, there is no certainty that the Proposal will be implemented and, if it is, more detailed information will be provided to Unit Holders.



Announcement PDF


Markets News

NZ sharemarket up 0.4% after a2 Milk surge
Markets Market Close

NZ sharemarket up 0.4% after a2 Milk surge

The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.

Markets

Goldman Sachs downgrades Fletcher Building to sell

Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).

Goldman Sachs downgrades Fletcher Building to sell
Primary Sector

Rayonier exits NZ with $1.2b forestry sale

An investment firm bought the stake, which included 116,145 hectares of forestry.

Rayonier exits NZ with $1.2b forestry sale