Ryman completes $313m placement, $688m entitlement offer

Ryman Healthcare (NZX:RYM) has completed its $313 million institutional placement and the institutional component of its $688 million underwritten entitlement offer, announced February 24, 2025. The placement and institutional offer closed on February 25, raising approximately $719 million. Strong demand was noted, with 77% of eligible institutional shareholders taking up their entitlements. Ryman Chair Dean Hamilton expressed pleasure at the placement and the support for Ryman's capital management reset. Trading on the NZX resumes today on an ex-entitlement basis, with new shares expected to commence trading on March 3, 2025. The retail component of the entitlement offer opens on February 27, 2025, and closes on March 10, 2025, available to eligible retail shareholders at $3.05 per share.