21 Nov 2011

Purchase plan offered by Metlifecare

12:38 pm on 21 November 2011

Shareholders in Metlifecare can now buy more shares in the retirement home operator through a share purchase plan.

The company has already raised $40 million from new investors while the major shareholder reduced its stake to 51%.

It has already signalled it would seek to raise another $5.5 million from current investors.

The offer, which allows shareholders to buy up to $15,000 worth of shares at $2.10 each, opened on Monday and loses on 6 December.