onlyHealthCo Healthcare and Wellness REIT ARSN 652 057 639
HCW Funds Management Limited ACN 104 438 100, AFSL 239882
ASX RELEASE
22 March 2022
useESTABLISHMENT OF DISTRIBUTION REINVESTMENT PLAN
HealthCo Healthcare and Wellness REIT (ASX: HCW) advises that it has established a Distribution Reinvestment Plan (DRP) which will apply from and including the March 2022 quarterly distribution.
In accordance with ASX Listing Rule 3.10.8, the DRP Plan Rules and a questions and answers booklet are attached to this announcement.
personalYou can elect to participate in the DRP at any time. In order to participate in the DRP for the March 2022 quarterly distribution, you will need to ensure your DRP participation notice is received, or your online election is
made, by no later than 5pm (AEST) on the Last Election Date for the distribution. The Last Election Date will be notified to the ASX and posted on HCW's website when the next distribution is announced.
Units to be issued under the DRP will be issued at an average of the daily volume weighted average market prices for units traded on ASX (and any other market determined by HCW) over a period of at least 5 trading days (Allocation Price), in accordance with the DRP Plan Rules. The Allocation Price may be reduced by a discount, which HCW may determine from time to time and announce to the ASX. No discount to the Allocation Price currently applies.
The pricing period for the Allocation Price will be announced to ASX and posted on HCW's website at the time HCW announces the March 2022 quarterly distribution. The final Allocation Price for a distribution will be notified in the same way after the Allocation Price is determined.
Authorised for release by the Board of the Responsible Entity.
For
For further information, please contact:
INVESTORS
Misha Mohl
Group Head of Strategy & IR
+61 422 371 575
misha.mohl@hmccapital.com.au
Christian Soberg
HealthCo Chief Financial Officer +61 450 417 712 christian.soberg@hmccapital.com.au
19 Bay Street
Double Bay NSW 2028
1300 466 326
info@home-co.com.au
HCW Funds Management Limited
(ACN 104 438 100; AFSL 239882) as responsible entity of the HealthCo Healthcare and Wellness REIT (ARSN 652 057 639)
HCW Funds Management Limited
(ACN 104 438 100; AFSL 239882) as responsible entity of the HealthCo Healthcare and Wellness REIT (ARSN 652 057 639)
For personal use only
HealthCo Healthcare and Wellness REIT
ARSN 652 057 639
HCW Funds Management Limited
ACN 104 438 100, AFSL 239882
Distribution Reinvestment Plan Rules
HealthCo Healthcare and Wellness REIT (HCW)
ARSN 652 057 639
March 2022
For personal use only
Table of contents
1 | Definitions and interpretation | 2 | |
1.1 | Definitions ............................................................................................................ | 2 | |
1.2 | Interpretation........................................................................................................ | 5 | |
2 | Commencement of the DRP | 6 | |
3 | Eligibility to participate | 6 | |
4 | Multiple holdings | 7 | |
5 | Broker, trustee or nominee accounts | 8 | |
6 | Application to participate | 8 | |
7 | Extent of participation | 8 | |
8 | Minimum Participating Holding and Maximum Participating Holding | 9 | |
9 | Reinvestment of Distributions and residual balances | 10 | |
10 | Price of Units | 11 | |
11 | Allocation of Units | 11 | |
12 | DRP statements | 12 | |
13 | The effect of applying for participation | 12 | |
14 | Variation or termination of participation | 13 | |
15 | Reduction or termination of participation where no notice is given | 14 | |
16 | Variation, suspension and termination of the DRP or these Rules | 14 | |
17 | Costs to Participants | 15 | |
18 | Taxation | 15 | |
19 | Applications and other notices | 15 | |
20 | General | 16 |
HealthCo Healthcare and Wellness REIT (ARSN 652 057 639) | Page 1 |
For personal use only
- Definitions and interpretation
1.1 Definitions
The meanings of the terms used in these Rules are set out below.
Term | Meaning | |
Allocated Units | in respect of a Participant, the Units allocated to the Participant | |
under the DRP. | ||
Allocated or Allocation | 1 | the issue of new Units to; or |
2 | the transfer of existing Units to; or | |
3 | any combination of the issue of new Units to or the transfer of | |
Units to, | ||
a Participant under the DRP, as the case may be. | ||
Allocation Price | in respect of an Allocation, the price at which those Units are | |
Allocated, calculated in accordance with rule 10. | ||
ASX | ASX Limited (ACN 008 624 691) or the stock market operated by it | |
(as the case may be). | ||
Average Market Price the arithmetic average of the daily volume weighted average prices for Units traded on ASX (and any other market determined the Board) during the relevant period, but:
- excluding any trades that the Board determines to exclude on the basis that the trades are not fairly reflective of natural supply and demand or are not in the ordinary course of trading on the relevant market; and
- adjusted if necessary to ensure that, if Units are being Allocated under the DRP either 'cum' or 'ex' an entitlement of any kind, then the trading prices of Units used to calculate the Average Market Price are adjusted, in such manner as the Board considers appropriate, so as to be on a comparable basis.
Board | the board of directors of the RE. |
HealthCo Healthcare and Wellness REIT (ARSN 652 057 639) | Page 2 |
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Healthco Healthcare and Wellness REIT published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 00:19:09 UTC.