Ryman opens $688m retail entitlement offer

27th February 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Ryman Healthcare has opened the retail entitlement component of its $688m underwritten pro-rata accelerated non-renounceable entitlement offer.

The company said eligible retail shareholders in New Zealand and Australia can subscribe for one new share at $3.05 for every 3.05 existing shares held as of 25 February 2025.

The offer closes at 5pm on 10 March, with new shares set to begin trading on the NZX from 17 March.

It is part of a wider $1bn capital raise announced by the listed retirement village and rest home operator on Monday.