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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Ramsay Health Care Limited    RHC   AU000000RHC8

RAMSAY HEALTH CARE LIMITED

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Ramsay Health Care : ASX Announcement - Sale of shares by Paul Ramsay Holdings Pty Limited

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09/16/2019 | 07:57pm EST

ASX ANNOUNCEMENT

17 September 2019

SALE OF SHARES BY PAUL RAMSAY HOLDINGS PTY LIMITED

Ramsay Health Care Limited (Ramsay) has today been advised that Paul Ramsay Holdings Pty Limited has completed the underwritten block trade sale of 22 million shares in Ramsay to institutional investors at $61.80 per share.

Settlement is expected to occur on Thursday, 19 September 2019. Following settlement, Paul Ramsay Holdings Pty Limited will hold approximately 21% of the issued share capital.

See attached letter for further information.

Contact:Henrietta Rowe Company Secretary Ramsay Health Care +61 2 9220 1000

17 September 2019

The Board of Directors

Ramsay Health Care Limited

Level 8, 154 Pacific Hwy

St Leonards NSW 2065

SALE OF SHARES IN RAMSAY HEALTH CARE LIMITED

We are writing to inform you that Paul Ramsay Holdings Pty Limited ('PRH') has successfully completed the previously advised underwritten block trade sale ("Block Trade") of 22 million ordinary shares in Ramsay Health Care Limited ("Company") to institutional investors at $61.80 per share. Settlement of the Block Trade is expected to occur on Thursday, 19 September 2019.

Following settlement of the Block Trade, PRH will continue to hold approximately 21% of the issued share capital in the Company.

A change in substantial shareholder notice will be issued in due course.

PRH was advised on the transaction by financial adviser Adara Partners and legal adviser King & Wood Mallesons.

Yours sincerely,

Mr Gregory Hutchinson

Mr Bruce Akhurst

Chairman

Director

The Paul Ramsay Foundation

Paul Ramsay Holdings Pty Ltd

Disclaimer

Ramsay Health Care Limited published this content on 17 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2019 23:56:03 UTC

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Financials (AUD)
Sales 2020 12 867 M
EBIT 2020 1 251 M
Net income 2020 575 M
Debt 2020 4 662 M
Yield 2020 2,22%
P/E ratio 2020 25,2x
P/E ratio 2021 22,9x
EV / Sales2020 1,47x
EV / Sales2021 1,40x
Capitalization 14 305 M
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Mean consensus HOLD
Number of Analysts 12
Average target price 67,51  AUD
Last Close Price 71,23  AUD
Spread / Highest target 3,89%
Spread / Average Target -5,23%
Spread / Lowest Target -20,0%
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Managers
NameTitle
Craig Ralph McNally Chief Executive Officer, MD & Executive Director
Michael Stanley Siddle Chairman
Peter John Evans Deputy Chairman
Roderick Hamilton McGeoch Independent Non-Executive Director
Kerry Chisholm Dart Roxburgh Lead Independent Non-Executive Director
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