VHP - Trading Halt of Securities

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Monday, 10 November 2025
Subject
: Vital Healthcare Property Trust (“VHP”) – Trading Halt of Securities


Message
:

NZ RegCo advises that, at the request of Northwest Healthcare Properties Management
Limited, the manager of the Vital Healthcare Property Trust (“VHP”), NZ RegCo has placed a
trading halt on VHP units. The trading halt was placed at pre-market open today.
Attached is the trading halt application, for further information.
Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS

---

VITAL HEALTHCARE PROPERTY TRUST vhpt.co.nz
Managed by Northwest Healthcare
Properties Management Limited
Page 1 of 2

PO Box 6945, Victoria Street West Auckland 1142

10 November 2025

Request for trading halt: Northwest Healthcare Properties Management Limited as
manager of Vital Healthcare Property Trust (NZX Code: VHP)
1. Northwest Healthcare Properties Management Limited (the Manager) as manager of
the Vital Healthcare Property Trust (Vital), requests that a trading halt of Vital's ordinary
units quoted on the NZX Main Board under ticker code “VHP” be implemented in
accordance with NZX Listing Rule 9.9.1(a) and set out below the details of the request
as per the rules of NZX.
2. The Manager requests that the trading halt commence with effect from 8.30 a.m.
Monday, 10 November 2025.
Reasons for trading halt
3. The request is being made as the Manager expects to release an announcement by
10.00 am Monday 10 November 2025 relating to a proposed capital raising by way of
a placement of Vital units to selected investors (the Placement) and a unit purchase
plan (together, the Offer). The size of the Offer is $220 million.
4. The size of the Placement is $190 million, which is approximately 12.8% of Vital’s market
capitalisation. The bookrunners for the Placement are Craigs Investment Partners
Limited, Forsyth Barr Limited and Barrenjoey Markets Pty Limited, which will undertake
the Placement in conjunction with the Manager. All participants in the bookbuild will
be bound by confidentiality arrangements by virtue of being subject to the
confidentiality provision contained within the Master ECM Terms dated 1 September
2025.
5. The trading halt is required in order to permit an orderly and transparent market while
the bookbuild for the Placement is undertaken.
How long the Manager wants the trading halt to last
6. The halt should continue to apply despite the announcement of the Offer. It is only
upon an announcement relating to the completion of the Placement that the trading
halt should lift. The Manager will confirm with you at the time that announcement is
made that the halt should be lifted.

VITAL HEALTHCARE PROPERTY TRUST vhpt.co.nz
Managed by
Northwest Healthcare Properties Management Limited


7. The Manager expects that it will be in a position to make an announcement in relation
to the results of the Placement by 10.00 a.m. Tuesday 11 November 2025.
The event the Manager expects to happen that will end the trading halt
8. The Manager requests that the trading halt be lifted after the announcement about
the completion of the Placement has been made.
9. The Manager is not aware of any reason why the trading halt should not be granted,
nor of any other information relevant to the request.
10. The Manager requests that the market memorandum in respect of the trading halt
refers to an announcement in relation to Vital.

Vanessa Flax
Regional General Counsel and Company Secretary, Northwest Healthcare Properties
Management Limited