8 July 2013
Media Release
SHARE PURCHASE PLAN OVER-SUBSCRIBED
Metlifecare Limited is pleased to announce that its Share Purchase Plan (SPP)
Offer, raising up to $10 million, has been over-subscribed.
Following the successful completion of the $70 million placement of new
equity capital in June 2013, Metlifecare offered the opportunity for existing
eligible shareholders to subscribe for up to $15,000 each at a subscription
price of $3.10, the same price as the placement.
Metlifecare received applications totalling $11.95 million from the SPP
Offer, with 1,234 shareholders participating. This represented 66% of
eligible shareholders. The applications of participating shareholders will be
scaled back on a proportionate basis in accordance with the terms of the SPP
Offer.
Metlifecare''s Chairman Mr Peter Brown said "We are delighted with the support
that we have received. I would like to thank our non-institutional
shareholders for their support of the capital raising through this SPP Offer.
The comprehensive participation in the SPP provides another strong
endorsement of the company. Metlifecare is looking to further increase value
for all our shareholders via the growth path previously communicated."
The SPP closed on 5 July 2013 and shares will be allotted on 12 July 2013.
ENDS
For more information, please contact:
Alan Edwards
Managing Director & CEO
Tel: +64 9 539 8000
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 of our villages providing a full continuum of care from independent
villas and apartments through to serviced apartments, rest homes and
hospitals.
www.metlifecare.co.nz
End CA:00238325 For:MET Type:S/HOLDER Time:2013-07-08 15:38:00