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

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PFI - Divestments
CEN offers to purchase remaining 25% of King Country Energy
February 16th Morning Report
SkyCity Appoints Chief Financial Officer
February 13th Morning Report
February 12th Morning Report
NZME 2025 Full Year Results Release Date
Turners Institutional Investor Day
February 10th Morning Report
PEB - Medicare Contractor Novitas Schedules Expert Panel