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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