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Unit Purchase Plan Offer Opens

Tuesday, 13 October 2020

NorthWest Healthcare Properties Management Limited (the Manager), as manager of Vital Healthcare Property Trust (Vital), is pleased to announce the opening of its $25m unit purchase plan (UPP).

The UPP forms part of Vital's $150m capital raising announced on 7 October 2020, together with the underwritten $125m placement of new units undertaken on 7 October 2020 (Placement).

The UPP is open to existing Vital unitholders who were recorded as having a registered address in New Zealand on Vital's register as at 5.00pm (NZ time) on 6 October 2020 (unless that person holds units on behalf of another person who resides outside of New Zealand).

Eligible unitholders will receive their personalised application forms to apply for up to a maximum of $50,000 of new units per unitholder at an issue price equal to the lower of:

a)$2.80 per new unit (being the same issue price as the Placement undertaken on 7 October 2020); and

b)a 2.5% discount to the volume weighted average price of Vital units traded on the NZX during the five trading days up to, and including, the end of the UPP offer period.

The Manager has the ability to accept additional applications above $25 million at its discretion, and if scaling of the UPP is required, applications will be scaled having regard to existing units at 5.00pm NZ time on 6 October 2020 (being the Record Date for the UPP).

The new units issued will rank equally with existing Vital units on issue and will be eligible for the FY21 first quarter distribution payable in December.

Unitholders can apply online at www.vitalunitoffer.co.nz until 5.00pm (NZ time) on Wednesday, 28 October 2020.

The UPP offer document will be sent to eligible unitholders today and can be found at www.vitalunitoffer.co.nz. Online applications are strongly encouraged.

Key dates:

Record Date: 5pm, 6 October 2020

Announcement of Offer: 7 October 2020

Unit Purchase Plan Opening Date: 13 October 2020

Offer Document and Application Form sent to eligible unitholders: 13 October 2020

Unit Purchase Plan Closing Date: 5.00pm, 28 October 2020

Unit Purchase Plan issue price announced: 29 October 2020

Allotment of new units under the Unit Purchase Plan and commencement of trading: 4 November 2020

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.

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

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