Vital Healthcare completes NZ$190m placement, readies for unit purchase plan

Vital Healthcare Property Trust (Vital) has successfully completed a NZ$190m placement of new units, forming the central part of its NZ$220m capital raising announced on 10 November 2025. This raise is to fund the internalisation of Vital's management. The placement was fully subscribed at a fixed price of NZ$1.95 per unit, representing a 9.5% discount to the NZ$2.156 closing price (ex-dividend) on 7 November 2025. Settlement and allotment of these new units are expected on Friday, 14 November 2025.

Following the market announcement today, 11 November 2025, trading in VHP units will resume at market open. The remaining NZ$30m of the capital raise is targeted through a non-underwritten unit purchase plan (UPP) for retail investors in New Zealand, opening on Friday, 14 November 2025, and closing at 5:00 pm (NZDT) on 28 November 2025. Full details for the UPP will be available in an offer document released to the NZX on 14 November 2025.

Independent chair Graham Stuart noted strong investor support, viewing it as an endorsement of the strategic decision by independent directors to move to an internalised management model, anticipated to deliver greater and more sustainable returns for unitholders. Craigs Investment Partners Limited, Forsyth Barr Group Limited, and Barrenjoey Markets Pty Limited acted as underwriters for the placement.