Orion Health Group to de-list from NZX and ASX

Company News

by Rachael Jones

Orion Health Group (ASX:OHE) intends to de-list from the NZX Main Board and ASX after close of market trading on Thursday, 28 March 2019.

The move follows a notice of compulsory acquisition of remaining shares by Grafton Health Holdings, which is taking over the company.

Grafton gave notice to NZX, ASX and all outstanding shareholders that it was exercising its compulsory acquisition rights under Part 7 of the Takeovers Code on the 18th March. .

Grafton, is controlled by Ian McCrae, chief executive and founder of Orion Health.

In anticipation of de-listing, trading in Orion Health's shares has halted.

Shares in Orion Health Group (ASX:OHE) last traded at $1.13 on March 19, 2019. 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.