Ryman retail bookbuild clears at 25c premium

Richard Umbers. (Image: Supplied)

Fri, 10 Mar 2023

Ryman Healthcare has completed its retail bookbuild, achieving just a 25 cent per share premium compared with the $1 achieved in the institutional bookbuild last month.The $902 million one-for-2.81 rights issue was always going to be achieved because it was fully underwritten.The $25m-worth of rights not taken up by retail shareholders, out of about $360m available, were auctioned at $5.25 per new share – those taking up their entitlements paid $5 per new share – and the 25c premium will be paid to those who didn’t participate...

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