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Mayfield Childcare Limited intends to list and trade on the Australian Stock Exchange (ASX) under the code “MFD” in November 2016.
Upon listing, Mayfield Childcare will comprise 16 long day childcare centres in Melbourne, Victoria, representing 1,360 licensed placed children. Looking beyond Mayfield Childcare’s listing on the ASX, the Company intends to grow by:
- making capital and quality improvements to centres;
- leveraging Management’s expertise to effect organic occupancy growth;
- acquiring centres that fit within acquisition criteria; and
- modestly renovating and extending centres to increase licensed places.
A number of Mayfield Childcare’s centres have the potential for modest renovations and/ or extensions that will likely result in an increase in the licensed places at those centres. This will allow for licensed place growth without further acquisitions being required.
The close proximity of Mayfield Childcare’s centres will promote management and head office efficiencies and will assist the seamless integration of centres under the Company’s banner.
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Mayfield Childcare aspires to provide the highest possible quality of service throughout its childcare centres. We believe that we have assembled an exceptional Management team capable of delivering the high standard we expect of ourselves. By improving quality, Mayfield believes our children will receive better care and education and that this will drive higher occupancy and ultimately profits for Shareholders.
You can download our Prospectus by clicking here or on the image of the Prospectus on the right.