Concerns about Ryman retail shareholders disappear alongside discount

Ryman Healthcare’s share price is down more than 20% since Monday. (Image: NZME)

Fri, 28 Feb 2025

A soft trading outlook has all but eliminated the way the $1 billion Ryman Healthcare capital raising was discriminating against retail shareholders, says New Zealand Shareholders' Association chief executive Oliver Mander.Mander had initially voiced concerns that the structure discriminated against retail shareholders because the retail component of the raise is an accelerated non-renounceable entitlement offer (anreo), as opposed to an accelerated renounceable entitlement offer (areo), meaning the value of the rights is not preserved.When...

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