Promisia Healthcare redeems convertible notes as maturity nears

Promisia Healthcare Limited (PHL) has announced the redemption of 2,500,000 unquoted convertible notes. These notes, which constituted 41.67% of the total class of financial products, have lapsed and been redeemed in accordance with the Convertible Note Agreement. The redemption price per security was stated as NZD $1.00.

The redemption aligns with the terms of an agreement where any notes remaining unconverted at maturity are cancelled and will be paid out in cash at face value on the final completion date in 2028. This payout relates to the Sale and Purchase Agreement for the acquisition of Golden View Lifestyle Village, dated April 24, 2024.

Following this redemption, the total number of financial products of this class is 3,500,000 notes. Francisco Rodriguez Ferrere is the authorised contact person for this announcement, which was released on September 3, 2025.