Thursday, 28 March 2024

Announcement

OFFER: ABA: Abano Announces Distribution of Offer Document

04 Aug 2017 08:30NZX
Abano Healthcare Group Limited (NZX:ABA) has today sent a copy of the Offer
Document and Entitlement and Acceptance Form to eligible shareholders.

The $35 million capital raise by way of a fully underwritten 1 for 5 pro rata
renounceable rights offer at a discounted price of $8.15 per share, and
shortfall bookbuild, was announced to the market on 26 July 2017.

Abano''s goal is to build a $1-billion revenue trans-Tasman dental business
and the opportunity for Abano to continue to grow via its acquisition
strategy is significant. The funds raised will be used to respond to the
increased dental practice acquisition opportunity and step up Abano''s growth
plans in the trans-Tasman dental market, particularly in Australia.

Details of the rights offer are contained in the Offer Document which is
available on Abano''s website www.abano.co.nz/2017rightsoffer.  Eligible
shareholders have until 5.00pm on 23 August 2017 to take up their rights and
make payment.

Key Dates

Rights trading commenced 2 August 2017
Record date to determine entitlement to rights to acquire new shares 5.00pm
on 3 August 2017
Distribution of Offer Document to shareholders 4 August 2017
Rights trading ceases 17 August 2017
Rights offer closes 23 August 2017
Shortfall bookbuild closes 28 August 2017
Allotment of new shares  30 August 2017

ENDS
End CA:00304988 For:ABA    Type:OFFER      Time:2017-08-04 08:30:14
Views: 117
Abano Healthcare Group
 9.600 Change:
0.10
1.03%
 
Open:9.700 
High:9.700 
Low:9.700 
Volume:3,821 
Last Traded:07/02/18 09:10:26 
Bid:9.700 
Ask:9.600 
52-Wk High:10.500 
52-Wk Low:8.400