Vital Healthcare Property Trust · NZX:VHP
Vital Healthcare Property Trust — Investor Presentation (November 2024)
10 slides from Vital Healthcare Property Trust's investor presentation, Nov 20, 2024
Slide 1: Consultation on Dual Listing Proposal
Consultation on Dual Listing Proposal N OV E M B E R 2 0 24
Slide 2: Disclaimer
Disclaimer This document has been prepared by Northwest Healthcare Properties Management Limited (Northwest or the Manager) as manager of the Vital Healthcare Property Trust (the Trust). This document provides general information only and is not intended as investment, legal, tax, financial product
Slide 3: Dual Listed Trust (DLT) proposal for Vital
Dual Listed Trust (DLT) proposal for Vital TH E DLT P R OP OSAL I S D E S I G N E D TO P R OV I D E E ARN IN GS ACC RE T ION, A BROADE R IN V E S TOR BAS E AND ENHA NCED GOVER NA NCE THAT IMPROV E VITAL ’S ACC E S S TO A N D C O S T O F C A PITAL ince listing on the NZX 25 years ago, Vital’s S Work
Slide 4: Proposed Dual Listed Trust (DLT) structure
Proposed Dual Listed Trust (DLT) structure VI TAL WOU L D BE SE PA R AT E D I N TO TW O LE GA L E N T IT IE S, BU T C ON T IN U E TO F U N C T ION AS A S IN GL E ECO NO MIC ENTIT Y THRO UGH E QUALI SAT IO N AR R A N G E M E N TS DLT structure overview Vital’s proposed DLT structure(1) Vital’s New Ze
Slide 5: The strategic rationale for a DLT is compelling
The strategic rationale for a DLT is compelling E A RNI N GS ACC R E T IO N, VA LU E ACC R E TI O N A N D AN ASX L IS T IN G ARE E X PE C T E D TO S U PP ORT V ITAL ’S UNIT PR ICE DPU accretion for Governance More attractive Value all Unit Holders enhancements investment vehicle accretion Investors
Slide 6: Current structure vs. proposed DLT
Current structure vs. proposed DLT TH E PRO P O SE D DLT S TR U C T U R E A LLOW S U N I T H OL DE RS TO RE TAIN T HE SAM E E C ON OM IC E X P OS U RE TO VITA L WHILST ENHA NCING THE TA X, GOVE R N ANC E A N D LI S T I N G A R R A N G E M E NTS F OR T HE BE N E F IT OF AL L U N IT HOL DE RS NZX UNIT
Slide 7: Indicative timetable
Indicative timetable VITAL IS TARGETING PRESENTING A FORMAL PROPOSAL TO UNIT HOLDERS IN Q1 2025 AND IF APPROVED BY UNIT HOLDERS, IMPLEMENTING THE DLT STRUCTURE IN MAY 2025 INDICATIVE TIMING Initial investor discussions and feedback sought November – December 2024 Various regulatory discussions Novem
Slide 8: Appendix
Appendix Wakefield Hospital, Wellington, NZ VITAL HEALTHCARE PROPERT Y TRUST | CONSULTATION ON DUAL LISTING PROPOSAL | 8
Slide 9: Equity vs Fund Issuer comparison
Equity vs Fund Issuer comparison UP DATE D C OR P OR AT E G OV E R N A N C E A N D A LI G N M E N T WIT H ASX L IS T IN G RE GIM E AS V ITAL N Z BE C O MES A N EQUIT Y ISSUER IN NZ ASX FUND ISSUER EQUIT Y ISSUER (GENER AL POSITION FOR COMPARISON) Corporate governance Requirements (e.g. NZX Corporate
Slide 10: Thank you
Thank you www.vhpt.co.nz Grace Hospital, Tauranga, NZ
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