Vital Healthcare's unit purchase plan oversubscribed, raises $45m

Vital Healthcare Property Trust (Vital) announced today that its $30m Unit Purchase Plan (UPP) closed significantly oversubscribed, with applications totaling approximately $46.8m. The manager, Northwest Healthcare Properties Management Limited, opted to accept an additional $15m, bringing the total amount raised under the UPP to $45m. This ensures all applicants either receive their full application or an allocation that maintains their relative unit holding.

Applications were scaled based on existing unit holdings as of 5:00 pm NZ time on November 7, 2025, with surplus application amounts to be refunded. This UPP, combined with a recent $190m placement of new units completed on November 10, 2025, has enabled Vital to raise a total of $235m in new equity. Settlement and allotment of the new units issued under the UPP are anticipated to occur tomorrow, December 5, 2025.