Text Size Reset Font Size Decrease Font Size Increase Font Size

Ryman Celebrates Ten Years Listed on the NZX

Ryman Healthcare is celebrating the tenth anniversary of the company's listing on the NZX, and becoming one of the Top 10 listed companies in New Zealand over the past decade.

Ryman is marking the event in a special ceremony with residents and shareholders at the Ngaio Marsh Retirement Village in Christchurch this morning.

On 29 June 1999, 1600 shareholders invested in the Christchurch-based retirement village provider that was expanding into the North Island and promised significant growth potential. Those shareholders have participated in the remarkable growth of the company - from 7 to 21 villages nationwide, and from a value of $135 million on listing to $800 million today. Since listing in 1999 the company has increased profits and dividends nine-fold without seeking any fresh capital from shareholders.

Ryman chairman Dr David Kerr says the success of the company has delivered excellent results for New Zealanders, providing not only outstanding returns for shareholders but also a high standard of care for residents and a wide range of employment opportunities.

"It's fantastic to be celebrating a decade of exceptional performance. We have stuck to our knitting, and delivered on our promise to shareholders," says Dr Kerr, "while remaining focussed on offering elderly New Zealanders a first class choice in their retirement."

Over the past ten years the company has grown substantially, with a staff that has increased from 500 to 2,000, a nationwide community of residents grown from 1,000 to 4,500, and a shareholder group that has expanded from the original 1,600 to 9,000.

"The company just keeps getting stronger, and the growth proposition is just as compelling today as it was ten years ago," says Dr David Kerr.  According to Statistics New Zealand, the number of New Zealanders aged 85 plus is set to balloon. Over the next five years alone this age group is projected to grow by 26%, and by 2031 their number will have increased almost  
three-fold.

Dr Kerr says the company is very proud to be celebrating its achievements with the residents and staff of Ngaio Marsh Retirement Village.  "The village enjoys an enviable reputation, with many of the residents also becoming Ryman shareholders," says Dr David Kerr.

Ngaio Marsh Retirement Village in Christchurch, which opened in 1999, is one of the most successful Ryman villages, and was the model upon which the North Island villages were based.  

Ryman currently owns 21 villages nationwide, and plans to open two new villages each year. The villages are all designed, built and operated by Ryman. The company is a six times winner of Best Retirement Village in New Zealand, and serves over 4500 elderly New Zealanders.