Vital announces successful completion of $115m Placement

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare
Properties Management Limited


vhpt.co.nz

MARKET RELEASE
Managed by NorthWest Healthcare
Properties Management Ltd

14 October 2021

Vital announces successful completion of $115m Placement
NorthWest Healthcare Properties Management Limited (the Manager), as manager of
Vital Healthcare Property Trust (Vital), advises that it has successfully completed the
$115m placement of new units (the Placement), which forms part of the $140m capital
raising announced on 13 October 2021 (the Offer).

The Placement was underwritten
(1)
at a fixed price of $2.90 per unit, representing a 3.7%
discount to the closing price of $3.01 on 12 October 2021. Existing unitholders that
participated in the Placement were given priority to obtain a pro rata allocation.

Vital's Fund Manager, Aaron Hockly, said
“We are delighted with the outcome of the placement, which was well supported by
existing institutional unitholders and broker firm clients. The capital raising provides Vital
with the funding to support the acquisition of The Tennyson Centre, one of Adelaide's
leading "Cancer Centres of Excellence" and a quality addition to our portfolio."

Settlement and allotment of the new units issued under the Placement is expected to
occur on 20 October 2021.

Forsyth Barr Group Limited and Goldman Sachs New Zealand Limited acted as
underwriters of the Placement
(1)
.
The Unit Purchase Plan opens on Tuesday, 19 October 2021

Eligible unitholders will receive their personalised application forms to apply for up to
$15,000 of new units in the unit purchase plan (the UPP) component of the Offer from
Tuesday, 19 October 2021. Unitholders can apply online at www.vitalunitoffer.co.nz until
5.00pm (NZ time) on Wednesday, 3 November 2021.
Record Date: 5.00pm NZ time, 12 October 2021
Announcement of Offer: 13 October 2021
Unit Purchase Plan Opening Date: 19 October 2021
Entitlement letter sent to eligible
unitholders:
19 October 2021
Unit Purchase Plan Closing Date (last
time for online applications, or for
receipt of an Application Form by
Computershare, with payment):
5.00pm NZ time, 3 November 2021

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare
Properties Management Limited


vhpt.co.nz


Page 2 of 3
Unit Purchase Plan issue price
announced:
4 November 2021
Allotment of new units under the Unit
Purchase Plan and commencement of
trading:
10 November 2021

These dates are subject to change and are indicative only. The Manager reserves the right to alter
the key dates, subject to applicable laws and the NZX Listing Rules. The Manager reserves the right
to withdraw the unit purchase plan at any time prior to the issue of the units under the unit purchase
plan at its absolute discretion.

For further information in respect of the Placement and UPP, please refer to the capital
raising presentation released to the NZX on 13 October 2021.

– ENDS –

ENQUIRIES
Aaron Hockly
Fund Manager, Vital Healthcare Property Trust
Tel 09 973 7301, Email aaron.hockly@nwhreit.com
Michael Groth
Chief Financial Officer, NorthWest Healthcare Properties Management Limited
Tel +61 409 936 104, Email michael.groth@nwhreit.com

About Vital (NZX code VHP):

Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare
properties in New Zealand and Australia including private hospitals (~85% of portfolio
value), ambulatory care (~10% of portfolio value) and aged care (~5% of portfolio value).

Vital is the leading specialist listed landlord of healthcare property in Australasia and
currently has a portfolio valued at over $2.6 billion.

Vital is managed by NorthWest Healthcare Properties Management Limited, a subsidiary
of Toronto Stock Exchange listed NorthWest Healthcare Properties REIT, a global owner
and manager of healthcare property.

For more information, visit our website: www.vhpt.co.nz

Disclaimer

This announcement is not a product disclosure statement or offering document under New
Zealand law or under any other law. It is for information purposes only and does not
constitute an offer, invitation or recommendation to subscribe for, retain or purchase any
securities in Vital in any jurisdiction. This announcement does not constitute financial
product advice or investment advice and does not and will not form part of any contract
for the acquisition of Vital securities.

VITAL HEALTHCARE PROPERTY TRUST
Managed by NorthWest Healthcare
Properties Management Limited


vhpt.co.nz


Page 3 of 3
This market announcement has been prepared for publication in New Zealand and may
not be released to US wire services or distributed in the United States. This announcement
does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United
States (or to, or for the account or benefit of, any person in the United States) or any other
jurisdiction. Any securities described in this announcement have not been, and will not be,
registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United
States except in transactions exempt from, or not subject to, registration under the U.S.
Securities Act and applicable US state securities laws.

The information in this announcement is of general background and does not purport to
be complete. It should be read in conjunction with Vital’s other market announcements
lodged with NZX, which are available at www.nzx.com/companies/VHP.

Note: All amounts are in NZD unless otherwise shown
1
NorthWest Healthcare Properties REIT has committed, on behalf of its owned and controlled entities, to
participate in the Placement by subscribing for $37.4m of new units, representing its pro rata holding in
Vital across the $140m Offer. The balance of the Placement is underwritten by Forsyth Barr Group
Limited and Goldman Sachs New Zealand Limited