Last checked at 
1 Feb 2018 16:24
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION IN PARTICULAR THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM, THE REPUBLIC OF IRELAND OR THE NETHERLANDS (AND, IN THE CASE OF THE NETHERLANDS, ONLY TO PROFESSIONAL INVESTORS)), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND AND JAPAN
This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Target Healthcare REIT Limited (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the Prospectus (as defined below) published by the Company and any supplement thereto.
TARGET HEALTHCARE REIT LIMITED
(the "Company")
PUBLICATION OF PROSPECTUS AND CIRCULAR
Further to its announcement this morning, the Board of the Company announces that it has today published a prospectus (the "Prospectus") containing the full details of the proposed issue of equity.
The Company has today also published a shareholder circular including a notice of general meeting (the "Circular") to put forward a special resolution in relation to the Initial Placing, Open Offer, Offer for Subscription and Placing Programme. The general meeting is to be held at the offices of Dickson Minto W.S., 16 Charlotte Square, Edinburgh EH2 4DF at 12 noon on 21 February 2018.
Copies of the Prospectus and Circular will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM and on the Company's website at http://www.targethealthcarereit.co.uk
Indicative Timetable
An indicative timetable of principal events is as follows:
Record Date for entitlement under the Open Offer | close of business on 30 January 2018
|
Ex entitlement date | 2 February 2018 |
Initial Issues open | 5 February 2018 |
Last time and date for withdrawal from CREST | 4.30 p.m. 13 February 2018 |
Last time and date for depositing into CREST | 3.00 p.m. 14 February 2018 |
Last time and date for splitting | 3.00 p.m. 15 February 2018 |
Latest time and date for receipt of completed Forms of Proxy | 9.30 a.m. 19 February 2018
|
Latest time and date for receipt of application forms under the Offer for Subscription and Open Offer | 11.00 a.m. on 20 February 2018
|
General Meeting | 12 noon 21 February 2018
|
Latest time and date for receipt of commitments under the Initial Placing | 11.00 a.m. on 22 February 2018
|
Results of the Initial Issues announced | by close of business on 23 February 2018
|
Initial Admission and dealings in New Shares commence
| 8.00 a.m. on 27 February 2018 |
Crediting of CREST accounts in respect of the New Shares under the Initial Issues | 8.00 a.m. on 27 February 2018
|
Share certificates in respect of the New Shares despatched | week commencing 5 March 2018 |
The dates set out in the expected timetable above may be adjusted by the Company, in which event details of the new dates will be notified to the UK Listing Authority and the London Stock Exchange and an announcement will be made through a regulatory information service.
Enquiries:
Target Fund Managers Limited (Investment Manager to the Company)
Kenneth MacKenzie | 01786 845 912 | |
Stifel Nicolaus Europe Limited | ||
Mark Young | mark.young@stifel.com | +44 20 7710 7600 |
Neil Winward | neil.winward@stifel.com | +44 20 7710 7600 |
Tom Yeadon | tom.yeadon@stifel.com | +44 20 7710 7600 |
Maitland Administration Services (Scotland) Limited | ||
Martin Cassels | martin.cassels@maitlandgroup.co.uk | 0131 550 3760 |
Quill PR | ||
Fiona Harris | fiona@quillpr.com | 0207 466 5058 |
Sam Emery | sam@quillpr.com | 0207 466 5056 |
Capitalised terms used and not otherwise defined in this announcement have the meaning given to them in the Prospectus.
Important Information
The information contained in this announcement is given at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment from time to time.
This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The New Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States except pursuant to an applicable exemption from or in a transaction not subject to the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of the New Shares in the United States.
This announcement is for information purposes only and is not intended to and does not constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, any securities in any jurisdiction. No offer or invitation to purchase or subscribe for, or any solicitation to purchase or subscribe for, any securities will be made in any jurisdiction in which such an offer or solicitation is unlawful. The information contained in this announcement is not for release, publication or distribution to persons in the United States, Canada, Australia, the Republic of South Africa , New Zealand or Japan, and should not be distributed, forwarded to or transmitted in or into any jurisdiction, where to do so might constitute a violation of local securities laws or regulations.
Dickson Minto W.S, which is authorised and regulated by the Financial Conduct Authority, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Dickson Minto W.S. or advice to any other person in relation to the matters contained herein.
Stifel Nicolaus Europe Limited, which is authorised and regulated by the Financial Conduct Authority, is acting only for the Company in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Stifel Nicolaus Europe Limited or advice to any other person in relation to the matters contained herein.
None of the Company, Target Fund Managers Limited, Dickson Minto W.S. or Stifel Nicolaus Europe Limited, or any of their respective affiliates, accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of the announcement or its contents or otherwise arising in connection therewith. The Company, Target Fund Managers Limited, Dickson Minto W.S. and Stifel Nicolaus Europe Limited, and their respective affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith.
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM, THE REPUBLIC OF IRELAND OR THE NETHERLANDS (AND, IN THE CASE OF THE NETHERLANDS, ONLY TO PROFESSIONAL INVESTORS)), CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, NEW ZEALAND OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL