Brief: Vital Healthcare Property Trust Announces NZ$200 Mln Capital Raising To Fund Acquisitions And Developments

Vital Healthcare Property Trust

28/04/2022 02:59

April 28 (Reuters) - Vital Healthcare Property Trust
 VHP.NZ :
    * ANNOUNCES NZ$200M CAPITAL RAISING TO FUND ACQUISITIONS AND
DEVELOPMENTS
    * TO RAISE NEW EQUITY CAPITAL THROUGH 1 FOR 8.54
UNDERWRITTEN PRO
RATA ACCELERATED ENTITLEMENT OFFER
    * ENTERED AGREEMENTS TO ACQUIRE ITS FIRST SOUTH ISLAND
PROPERTIES
    * NET PROCEEDS FROM OFFER WILL BE USED TO REPAY DEBT
INCURRED FOR
RECENTLY ANNOUNCED ACQUISITIONS AND DEVELOPMENTS
    * OFFER PRICE OF NZ$2.95 PER UNIT
    * RECONFIRMS 2H FY22 DISTRIBUTION GUIDANCE OF 2.4375 NZ
CENTS PER
UNIT PER QUARTER

Further company coverage:  VHP.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))