On 7 August 2019, the Directors of Target Healthcare REIT plc (the "Company") announced that the scheme of arrangement in connection with moving the Target Healthcare REIT Group's ultimate parent company to a UK domicile, had become effective. As such, the Company, a newly established company incorporated under the laws of England and Wales, has been established as the new parent company of Target Healthcare REIT Limited (the previous parent company incorporated in Jersey) and its group of subsidiaries.
In order to effect the change in domicile, the Company has published a prospectus (the "Prospectus"). The Prospectus also includes a 12-month placing programme pursuant to which the Company will have the ability to issue up to 125 million new shares. Any proceeds raised under 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.