Thursday 2nd April 2020 |
Text too small? |
NorthWest Healthcare Properties Management Limited (the Manager), the manager of Vital Healthcare Property Trust (Vital), refers to its proposal to restructure Vital to facilitate a foreign exempt listing on the Australian Securities Exchange (ASX), as described in the Notice of Meeting dated 28 February 2020.
At the special meeting re-convened on 2 April 2020 on a virtual basis, unitholders were asked to vote on the proposal by special resolution.
The Manager advises that the special resolution received 115,369,345 (66.2%) votes in favour, 58,991,364 (33.8%) were received against, and 116,774,941 abstained.
As a result, the proposal to restructure Vital to facilitate an ASX foreign exempt listing did not meet the required 75% threshold and will not be proceeding. NorthWest, who was supportive, was unable to vote on its ~25% holding of units for technical reasons under the Financial Markets Conduct Act 2013 and abstained.
Aaron Hockly, Fund Manager of Vital, commented: “It is disappointing that the proposal will not proceed. I would like to thank unitholders for their engagement and feedback over many months as well as the board, my colleagues and our advisers for all their hard work over the last 12+ months”.
Source: NZX
No comments yet
Me Today Limited (NZX: MEE) Me Today Renews and Expands Agreement with Green Cross Heal
Cannasouth Limited (NZX: CBD) Preliminary Results for the Year Ended 31 December 2020
The Warehouse Group Limited (NZX: WHS) Trading Update
Seeka Limited (NZX: SEK) Announces 12 Cent Dividend
Meridian Energy Limited (NZX: MEL) Standard & Poor's Outlook Revision
NZ Windfarms Limited (NZX: NWF) Interim Report and Results Announcement H1 FY2021
Cavalier Corporation Limited (NZX: CAV) Preliminary FY21 Half Year Result
Restaurant Brands New Zealand Limited (NZX: RBD) Full Year Results Announcement
Precinct Properties New Zealand Limited (NZX: PCT) Quality Portfolio Delivers Strong First Half Result
Solution Dynamics Limited (NZX: SDL) 1H FY2021 Financial Results and Interim Dividend