Pulse Health Limited Scheme Meeting Postponed Until 1 May 2017

21 March 2017

Pulse Health Limited (ASX:PHG) (“Pulse”) confirms that the Supreme Court of New South Wales (the “Court”) has postpone its scheme meeting relating to the proposed acquisition of 100% of the shares in Pulse by Healthe Care Australia Pty Ltd (“Healthe Care”) at $0.47 cash per share via a scheme of arrangement (the “Scheme”) to 9.30am on 1 May 2017.

Pulse, with the agreement of Healthe Care, applied to the Court on 21 March 2017seeking a postponement of the scheme meeting. The Court has granted this postponement to allow sufficient time for Pulse to provide, and shareholders to consider and assess the implications of the transaction detailed in the ASX announcement on 20 March 2017.  Pulse will make a further announcement providing the necessary supplementary disclosure and despatch it to shareholders as soon as possible.

The scheme meeting will now be held at 9:30am on Monday, 1 May 2017 at The Grace Hotel (The Marra Room), Level 2, 77 York Street, Sydney NSW 2000. Signed and completed proxy forms must be received by 9:30am on Saturday 29 April 2017.

Pulse will continue to keep shareholders updated of any further development in accordance with its continuous disclosure obligations. Any development could include a further postponement of the scheme meeting.

The Pulse board continues to unanimously recommend that in the absence of a superior proposal, Pulse shareholders vote in favour of the Scheme. As at the date of this announcement, no superior proposal has emerged, accordingly the Pulse directors intend to vote all Pulse shares held or controlled by them in favour of the Scheme.

Set out below is an updated timetable for the remainder of the Scheme process.

For media enquiries contact:

Geoff Elliott

GRA Cosway

Tel: +612 8353 0420

For investor enquiries contact:

Matthew Stubbs

Allier Capital

Tel: +612 8014 6041      

Update Timetable

Event New proposed date[1]
Court Hearing to approve the despatch of supplementary Scheme disclosure 2pm, Monday, 10 April 2017
Despatch of supplementary disclosure to Pulse shareholders Thursday, 13 April 2017
Scheme meeting to vote of the Scheme 9:30am, Monday, 1 May 2017
Final Court Hearing for approval of the Scheme Wednesday, 3 May 2017
Effective date of the Scheme Thursday, 4 May 2017
Scheme record date Thursday, 11 May 2017
Implementation date Tuesday, 16 May 2017
Despatch of payment of Scheme Consideration to Pulse Shareholders Tuesday, 16 May 2017

[1] All dates are indicative only and subject to change.