Update on Aldwins House Acquisition Conditions
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NZX MARKET ANNOUNCEMENT
4 March 2021
CONDITIONS UPDATE ON ACQUISITION OF ALDWINS HOUSE
Promisia Healthcare Limited (NZX:PHL) can advise that it has today confirmed its finance condition to
acquire Aldwins House.
The conditions for statutory supervisor approval and shareholder approval remain outstanding but
are expecting to be satisfied this month to enable settlement of the acquisition on 31 March 2022.
BNZ has received finance offers from BNZ ($7.5 million) and Senior Trust Retirement Village Income
Generator Limited ($1.5 million). This finance, together with the $4m of vendor finance in the
transaction, are sufficient to fund the $13 million purchase price. PHL will release a notice of
meeting in the next two weeks giving shareholders full particulars of the finance arrangements.
For further information please contact Mr Stephen Underwood, Chairman, on Ph 027 499 3387
ENDS
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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