Director Nomination Process

VITAL HEALTHCARE PROPERTY TRUST vhpt.co.nz
Managed by Northwest Healthcare
Properties Management Limited
Page 1 of 2

MARKET RELEASE
25 August 2023

Director Nomination Process
Vital’s Annual Meeting is expected to be held on Thursday, 9 November at 9:30am at
Tuhono Room, Ground Lobby, HSBC Tower, 188 Quay Street, Auckland CBD. Unit Holders
will be able to attend the Annual Meeting either in person or on a virtual basis. Further
details will be provided separately as part of the notice of meeting.
Under Vital’s Trust Deed, Unit Holders may appoint two Independent Directors.
The Trust Deed provides that the Board of the Manager may appoint a person as
Independent Director in certain circumstances. Any person so appointed by the Board of
the Manager shall hold office only until the next annual meeting, but shall be eligible for
re -election at that meeting.
It is proposed that Dr Michael Stanford will stand for re-election as an Independent
Director at the Annual Meeting to be held on 9 November 2023, but this will be confirmed
as part of the Notice of Meeting.
If nominations are received for other candidates, only one of those standing (including Dr
Stanford) will be appointed to the Board.
The period for nomination of Independent Directors to the Board of the Manager opens
today and closes at 5.00pm on Monday 11 September 2023. The process for nominating
an Independent Director is included in Appendix 1.
– ENDS –
ENQUIRIES
Vanessa Flax
Regional General Counsel, Northwest Healthcare Properties Management Limited
Tel +61 438 097 073, Email vanessa.flax@nwhreit.com

Michael Groth
Chief Financial Officer, Northwest Healthcare Properties Management Limited
Tel +61 409 936 104, Email michael.groth@nwhreit.com

VITAL HEALTHCARE PROPERTY TRUST vhpt.co.nz
Managed by Northwest Healthcare
Properties Management Limited
Page 2 of 2

About Vital (NZX code VHP):
Vital Healthcare Property Trust is an NZX-listed fund that invests in high-quality healthcare properties
in New Zealand and Australia including private hospitals (~80%* of portfolio value), ambulatory
care facilities (~16%* of portfolio value) and aged care (~4%* of portfolio value).
Vital is the leading specialist listed landlord of healthcare property in Australasia.
Vital is managed by Northwest Healthcare Properties Management Limited, a subsidiary of Toronto
Stock Exchange listed Northwest Healthcare Properties REIT, a global owner and manager of
healthcare property.
For more information, visit our website: www.vhpt.co.nz
__________________________________
* All figures are indicative, as at 30 June 2023


Appendix 1 – Independent Director Nomination Process
Under Vital’s Trust Deed, Unit Holders may nominate a person for election as Independent
Director.
Nominations for Independent Directors may only be made by a Unit Holder entitled to
attend and vote at the Annual Meeting and must be accompanied by the written
consent of the person being nominated.
Nominations for Independent Directors must be received by the Manager before 5.00pm
on Monday 11 September 2023.
Nominations should provide sufficient information to enable Unit Holders to make an
informed decision as to whether or not to elect the candidate, including biographical
details, qualifications, experience, independence and the skills the candidate will bring to
the Board as well as details of other material directorships held.
Nominations should be sent:
1. by email to: vanessa.flax@nwhreit.com; or
2. by post to:
Company Secretary,
Northwest Healthcare Properties Management Limited,
PO Box 6945,
Victoria Street West,
Auckland 1142.