Target Healthcare REIT Limited ("THRL") announced on 21 June 2019 that following a review of the structure of its Group, it is in the best interests of its shareholders as a whole to proceed with the proposals to introduce a new parent company to the Group that is incorporated in England and Wales. It is proposed that this change be effected by way of a scheme of arrangement under article 125 of the Companies (Jersey) Law 1991. If this scheme becomes effective Target Healthcare REIT plc ("New THRL") will become the ultimate parent company of the Group, and effectively, a mirror image of THRL. New THRL has published a prospectus in relation to this scheme and the introduction of a placing programme under which it will have the ability to issue up to 125 million new shares. The proceeds of the placing programme will be used to acquire further UK care homes and other healthcare assets in accordance with the Group's investment policy.
You can access the Prospectus (June 2019) by clicking here.