Oceania Healthcare Limited (NZX: OCA) Announces Opening of Retail Offer

Thursday 25th March 2021

Oceania announced the successful completion of the Placement yesterday (24 March 2021). The Placement of NZ$80 million of new, fully paid ordinary shares was fully subscribed at the fixed price of NZ$1.30 per share, which represented a discount of 6.5% to the last close price of NZ$1.39 per share on 22 March 2021 and a discount of 8.1% to the five-day volume weighted average price of NZ$1.41 (assessed up to and including 22 March 2021). Settlement of the Placement is expected to occur tomorrow (26 March 2021) for the ASX and on 29 March 2021 for NZX, with the allotment of all shares and the commencement of trading on NZX and ASX expected to occur on 29 March 2021.

Under the Retail Offer, each person who was recorded in Oceania’s share register as being a registered holder of Shares and having an address in New Zealand as at 7:00pm (NZDT) on the record date of 22 March 2021 can subscribe for up to NZ$50,000 worth of new ordinary shares in Oceania (Shares). The offer price of the Shares will be the lower of the Placement offer price of NZ$1.30 and a 2.5% discount to the five-day volume weighted average price of Oceania shares traded on the NZX over the five business day period prior to, and including, the closing date of the Retail Offer. The new Shares to be issued under the Retail Offer will rank equally in all respects with Oceania’s existing ordinary shares on issue.

The Retail Offer has been designed so that most eligible shareholders have the potential to preserve their current relative shareholding, if they choose to participate. If scaling of the Retail Offer is required, it will be done having regard to shareholders’ existing shareholdings at 7.00pm (NZDT) on the record date of 22 March 2021.

A Retail Offer booklet, together with an application form, will be sent or made available to eligible New Zealand shareholders today and will also be available to those eligible shareholders at www.shareoffer.co.nz/oceaniahealthcare from today. All eligible shareholders are encouraged to visit that website and apply online before the closing date at 5.00pm (NZST) on Monday, 12 April 2021.

Please see the links below for details:

Retail Offer Open Announcement

Retail Offer - Offer Document

Source: Oceania Healthcare Limited

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