Radius Share Buyback Programme to Continue

Radius Residential Care Limited (NZX: RAD) announced on 18 December 2024 that it was commencing a share buyback programme for a maximum of 2,000,000 shares, or 0.7% of its ordinary shares.

A total of 197,353 shares have been purchased to date, 0.07% of the shares on issue prior to the buyback commencing.

Following the release on Wednesday 21 May of Radius Care’s audited financial statements for the year ended 31 March 2025, Radius Care advises that the share buyback programme will continue.

The continuation of this programme demonstrates the Board’s confidence that Radius Care’s strategy and growth opportunities will grow shareholder value over the long term, and reflects the Board’s view that the company’s shares are undervalued. The Board believes that the strength of Radius Care’s operations and cash flow generation allows the company to continue investing to deliver long term growth, while enabling dividend growth, debt repayment and buying back shares, depending on market conditions.

The number of shares purchased under the buyback programme from time to time will be notified to the NZX within one business day following the date on which those shares are acquired. Shares will be cancelled upon acquisition and the number of shares on issue will reduce accordingly.

The buyback will be conducted in reliance on Clause 5 of the Takeovers Code (Class Exemptions) Notice (No 2) 2001 in respect of those shareholders owning greater than 20%.

The buyback programme will not run during any “Black-out Periods” (as described in the company's Financial Product Trading Policy).

Throughout the buyback period, Radius Care will continue to assess market conditions, its prevailing share price, available investment opportunities and all other relevant considerations. Radius Care reserves the right to suspend without notice or terminate the buyback programme at any time.

ENDS

Media and Investor Contacts
Andrew Peskett
Chief Executive Officer
Phone: +64 21 747 363
Email: [email protected]

Jeremy Edmonds
Chief Financial Officer
Phone: +64 22 650 9354
Email: [email protected]

About Radius Care
Radius Residential Care Limited was founded in 2003 and listed on the NZX in December 2020. Radius Care provides essential healthcare services to elderly New Zealanders, offering the full range of accommodation and care options in communities throughout the country. Today, Radius Care operates 23 aged care facilities, of which it owns 12 and leases 11, and on 30 May 2025, the St Allisa Care Home in Christchurch will become Radius Care’s 24th facility. Four of the owned facilities also include retirement villages and Radius Care’s online shop sells specialist assisted-living products. The company employs over 1,900 people, including highly qualified healthcare staff who are committed to providing the very best in nursing care, and has expanded its services, establishing RConnect, a Nurse and Carer bureau and Home Care provider. A 51% holding in Cibus Catering was acquired in October 2024. Cibus provides menu planning and nutrition management services to the aged care sector, as well as full-service kitchen and food management to 25 care homes across New Zealand, including 11 Radius Care sites. For more information visit radiuscare.co.nz or check out our Facebook page @RadiusCareNZ.

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