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Ryman announces $902m capital raise, cancels full year dividend

The listed retirement village operator is tapping shareholders for more capital for the first time since it debuted in 1999.

A Ryman village.

NZX-listed retirement village operator Ryman Healthcare has gone into a trading halt this morning as it announced a $902 million capital raise to “strengthen its balance sheet”.

The company would raise the cash by offering one new share for every 2.81 shares currently held by existing

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Nicholas Pointon Wed, 15 Feb 2023
Contact the Writer: nicholas@nbr.co.nz
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Ryman announces $902m capital raise, cancels full year dividend
Investment,
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