Vital Healthcare Property Trust (NZX: VHP) Unit Purchase Plan Closes Oversubscribed

Vital Healthcare Property Trust (Vital), is pleased to announce that its $25m unit purchase plan (UPP) closed oversubscribed.

The UPP received strong unitholder support, with the Manager receiving applications totalling $27.8m. The Manager elected to accept additional applications of $2.8m, bringing the total amount accepted under the UPP to $27.8m. This resulted in all applicants receiving their full bid.

Together with the $115m placement of new units undertaken on 13 October 2021, Vital has raised $142.8m in new equity.

Settlement and allotment of the new units issued under the UPP occurred earlier today. The new units rank equally with existing Vital units on issue and are eligible for the FY22 first quarter distribution payable in December.

Please see the links below for details

Unit Purchase Plan closes oversubscribed

Capital Change Notice

Source: Vital Healthcare Property Trust

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