Ryman Healthcare (NZE:RYM) said the retail entitlement offer component of its around NZ$688 million underwritten one-for-3.05 pro-rata accelerated non-renounceable entitlement offer of new ordinary shares opens on Thursday, according to a same-day filing with the New Zealand bourse.

The retail offer is available to eligible retail shareholders with a registered address in New Zealand or Australia as of Tuesday.

The retail offer will close on March 10 and the settlement, as well as the allotment of new shares, will be conducted on March 17.

The eligible shareholders will be able to subscribe for one new share for every 3.05 existing Ryman shares they hold at an offer price of NZ$3.05 per share.

The shareholders who take up all of their entitlements in full will be able to apply for additional new shares, up to a maximum amount of new shares equal to 75% of their entitlements.