TIDMIHR
RNS Number : 1413X
Impact Healthcare REIT PLC
30 April 2021
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND
IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN THE UNITED
STATES OF AMERICA, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA
(OTHER THAN TO THE NETHERLANDS AND THE REPUBLIC OF IRELAND AND THEN
ONLY TO PROFESSIONAL INVESTORS IN THOSE MEMBER STATES), CANADA,
AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.
This Announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. Upon the publication of
this Announcement, this inside information is now considered to be
in the public domain.
30 April 2021
IMPACT HEALTHCARE REIT PLC
(the "Company" or, together with its subsidiaries, the
"Group")
Results of Placing
Further to its announcement on 6 April 2021, the board of
Directors (the "Board") of Impact Healthcare REIT plc (ticker:
IHR), the real estate investment trust which provides investors
with exposure to a diversified portfolio of UK healthcare real
estate assets, in particular care homes, is pleased to announce
that the Company's placing (the "Placing") has raised GBP35
million. Accordingly, a total of 31,690,327 ordinary shares ("New
Ordinary Shares") in the Company will be issued at the Issue Price
of 111.5 pence per New Ordinary Share.
The net proceeds of the Placing will be used to repay amounts
drawn under its revolving credit facilities and to fund new
investments in line with its investment policy, which are expected
to deliver further value for its shareholders.
Application has been made for the admission of 31,690,327 New
Ordinary Shares to the premium segment of the Official List and to
trading on the Main Market of the London Stock Exchange
("Admission"). Admission is expected to occur at 8.00 a.m. on 6 May
2021 and the New Ordinary Shares will trade under the ticker IHR
(ISIN: GB00BYXVMJ03).
Following the Placing, the Company's issued share capital will
comprise 350,644,188 Ordinary Shares and this is the total number
of Ordinary Shares with voting rights in the Company. This figure
should be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
Commenting on today's announcement, Rupert Barclay, Chairman of
Impact Healthcare REIT plc, said:
"On behalf of the Board and the Investment Manager, I would like
to thank existing shareholders for their continuing support and
welcome a number of new investors to the Company.
The net proceeds of this Placing will enable the Group to
capitalise in short order on its pipeline of attractive, near-term
opportunities, which are expected to deliver further value for our
shareholders at the same time as maintaining a strong balance
sheet. We look forward to updating shareholders as we execute on
these attractive investment opportunities."
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the
announcement published on 6 April 2021.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Impact Health Partners LLP via Maitland/AMO
Mahesh Patel
Andrew Cowley
Winterflood Securities Limited
Darren Willis
Joe Winkley
Neil Langford 020 3100 0000
RBC Capital Markets
Rupert Walford
Matthew Coakes 020 7653 4000
Maitland/AMO (Communications 07747 113 930
Adviser) impacthealth-maitland@maitland.co.uk
James Benjamin
The Company's LEI is: 213800AX3FHPMJL4IJ53.
A copy of this announcement will be available on the Company's
website at https://www.impactreit.uk
IMPORTANT INFORMATION:
Neither the content of the Company's website, nor the content on
any website accessible from hyperlinks on its website for any other
website, is incorporated into, or forms part of, this Announcement
nor, unless previously published by means of a recognised
information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to
hold, or dispose of, securities in the Company.
This Announcement has been prepared by, and is the sole
responsibility of the Directors of Impact Healthcare REIT plc and
has been prepared solely in relation to the Placing and Admission
described in this announcement.
Winterflood, which is authorised and regulated in the United
Kingdom by the Financial Conduct Authority, and RBC, which is
authorised by the Prudential Regulation Authority and authorised
and regulated in the United Kingdom by the Financial Conduct
Authority, are each acting exclusively for the Company and for no
one else in relation to the matters described in this Announcement.
Persons receiving this Announcement should note that neither
Winterflood nor RBC will be responsible to anyone other than the
Company for providing the protections afforded to its customers, or
for advising any other person on the arrangements described in this
Announcement.
Neither Winterflood nor RBC have authorised the contents of, or
any part of, this Announcement and no liability whatsoever is
accepted by either Winterflood or RBC for the accuracy of any
information or opinions contained in this Announcement or for the
omission of any information. No representation or warranty, express
or implied, is made by either Winterflood or RBC as to the
accuracy, completeness or verification of the information set out
in this Announcement, and nothing contained in this Announcement
is, or shall be relied upon as, a promise or representation in this
respect, whether as to the past or the future. Neither Winterflood
nor RBC assume any responsibility for its accuracy, completeness or
verification and accordingly disclaim, to the fullest extent
permitted by applicable law, any and all liability whether arising
in tort, contract or otherwise which it might otherwise be found to
have in respect of this Announcement or any such statement.
This Announcement may not be published, distributed or
transmitted by any means or media, directly or indirectly, in whole
or in part, in or into the United States. This Announcement does
not constitute an offer to sell, or a solicitation of an offer to
buy, securities in the United States. The securities mentioned
herein have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "US Securities Act") or
with any securities regulatory authority of any state or other
jurisdiction of the United States and will not be offered, sold,
exercised, resold, transferred or delivered, directly or
indirectly, in or into the United States or to, or for the account
or benefit of, any US person (as defined under Regulation S under
the US Securities Act). The Company has not been, and will not be,
registered under the U.S. Investment Company Act of 1940, as
amended.
Neither this Announcement nor any copy of it may be: (i) taken
or transmitted into or distributed in any member state of the
European Economic Area (other than to the Netherlands and the
Republic of Ireland and then only to professional investors in
those member states), Canada, Australia, Japan or the Republic of
South Africa or to any resident thereof, or (ii) taken or
transmitted into or distributed in Japan or to any resident
thereof. Any failure to comply with these restrictions may
constitute a violation of the securities laws or the laws of any
such jurisdiction. The distribution of this announcement in other
jurisdictions may be restricted by law and the persons into whose
possession this document comes should inform themselves about, and
observe, any such restrictions.
This Announcement does not constitute or form part of any offer
or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any New Ordinary Shares (i) in any
member state of the European Economic Area, Canada, Australia,
Japan or the Republic of South Africa or any other jurisdiction in
which such offer, invitation or solicitation is not authorised;
(ii) in any jurisdiction in which the person making such offer,
invitation or solicitation is not qualified to do so; or (iii) to
any person to whom it is unlawful to make such offer, invitation or
solicitation. The distribution of this Announcement may be
restricted by law. Persons into whose possession this Announcement
comes must therefore inform themselves about and observe any such
restrictions. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such
jurisdiction.
All statements in this Announcement other than statements of
historical fact are, or may be deemed to be, "forward-looking
statements". In some cases, these forward-looking statements may be
identified by the use of forward-looking terminology, including the
terms "targets", "believes", "estimates", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their
negative or other variations or comparable terminology. They appear
in a number of places throughout the Announcement and include
statements regarding the intentions, beliefs or current
expectations of the Company and/or its directors concerning, among
other things, the performance, results of operations, financial
condition, liquidity, prospects and dividend policy of the Company.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance. The Company's actual performance, result of
operations, financial condition, liquidity and dividend policy may
differ materially from the impression created by the
forward-looking statements contained in this Announcement. In
addition, even if the performance, results of statements contained
in this Announcement, those results or developments may not be
indicative of results or
developments in subsequent periods. Important factors that may
cause these differences include, but are not limited to, changes in
economic conditions generally; changes in interest rates and
currency fluctuations; impairments in the value of the Company's
assets; legislative/regulatory changes; changes in taxation
regimes; the availability and cost of capital for future
expenditure; the availability of suitable financing.
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END
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