Ryman Healthcare has completed the institutional component of its fully underwritten 1 for 2.81 accelerated pro-rata entitlement offer, raising approximately $542 million.
Eligible institutional shareholders elected to take up approximately 95% of their entitlements under the offer and the clearing price was set at a 20% premium over the offer price.
The retail component of the offer is scheduled to open tomorrow, with eligible retail shareholders able to subscribe to new shares at the same offer price and ratio as the institutional entitlement offer.
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