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Metlifecare Confirms ASX Listing
Metlifecare Confirms ASX Listing
Metlifecare, one of New Zealand’s leading retirement village and aged care providers, has been advised by the Australian Securities Exchange that it has been admitted to the Official List of the ASX.
Metlifecare shares will commence trading on the ASX, under the code MEQ at 1.00pm (A.E.S.T.) on 21 October 2013. The ticker code for the NZX will remain as MET. Metlifecare will be a member of the healthcare index.
Metlifecare has prepared the attached Prospectus as part of the ASX listing process. Metlifecare is not undertaking any capital raising and has no current plans to do so.
Chairman of Metlifecare, Mr Peter Brown, said: “This secondary listing will provide Metlifecare with additional access to investors and the Australian equity markets. While we already have a number of Australian institutional investors on our share register, there has been increased interest from other investors, some of whom are restricted in their ability to invest into non-ASX listed companies. This will provide them with an opportunity to participate in Metlifecare’s growth and value proposition.
“We have no plans to expand operationally into Australia and are firmly focused on the significant opportunity in the New Zealand market, particularly in our targeted geographical area in the upper North Island and achieving our growth targets.”
Computershare will continue as Metlifecare’s share registrar in New Zealand and now Australia. Shareholders will be able to trade their shares on either the NZX or the ASX, dependent on which share register their shares are registered with. Currently all MET shareholders are registered in New Zealand. They will have the option of transferring their shares onto the Australian register should they prefer.
Relevant documents can be viewed on the NZX: https://www.nzx.com/companies/MET/announcements/242583
About
Metlifecare
Metlifecare is a publicly-listed aged
care and retirement lifestyle company.
Established in 1984, the company has a proven track record of successfully owning and managing retirement villages in New Zealand. Metlifecare currently owns villages in prime locations throughout the North Island of New Zealand, with most providing a full continuum of care from independent villas and apartments through to serviced apartments, rest homes and hospitals.
ENDS
Metlifecare
At Metlifecare we create homes and communities
At Metlifecare we create homes and communities. Places of belonging, villages humming with life. With a range of unique villages nationwide (and more in development), plus more than 30 years in the business of looking after Kiwi retirees, we are a well-known and trusted operator, and we take our role seriously. 31269 8387
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