Ryman Healthcare has announced the successful completion of its $313 million underwritten institutional placement and the institutional component of its approximately $688m entitlement offer.
The placement and institutional entitlement offer, which closed on February 25, 2025, raised gross proceeds of about $719m.
Ryman said there was strong demand for the offer, with eligible institutional shareholders electing to take up approximately 77% of their entitlements.
The company's shares will resume normal trading on the NZX today on an ex-entitlement basis.
The retail component of the entitlement offer will open on February 27 and close on March 10, 2025.
Ryman owns and operates 49 retirement villages in New Zealand and Australia, with 15,300 residents and 7,700 staff.
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