Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Vista Group Announces Price

Vista Group Announces Price

17 July 2014 - Vista Group International, a New Zealand head quartered global leader in film industry software, has today confirmed an offer price of $2.35 a share, following a book build process open to institutional investors and New Zealand retail broking firms.

Vista Group will raise $40 million in new capital to fund acquisitions and development plans. Existing shareholders will sell 22 million shares to take the total offer size to $92 million, retaining a 47 per cent stake in the Company.

The price places an indicative market capitalisation of the company at $188 million, with a total of 80 million shares on issue.

Chairman Kirk Senior says the Vista Group’s business case resonated well with the investment community as reflected in the final price, which sits just below the midpoint of the indicative range of $2.10 to $2.70 a share.

“At this price, the offer was more than two times covered - showing a strong level of support from investors. In particular, they have demonstrated confidence in our management team and our strategy to become a broader global film industry software company.”

The retail offer will open on 17 July 2014 and close on 1 August 2014 and the Group expects to commence trading on the NZX Main Board and ASX on 11 August 2014.

Important Notice:
The offer of Shares in Vista Group International Limited (“Vista Group”) is made on the terms and conditions set out in the Investment Statement and the Prospectus for the initial public offering of ordinary shares (“Shares”) in Vista Group.

None of the existing shareholders nor any other person guarantees the Shares. An application has been made to NZX Limited (“NZX”) for permission to list Vista Group and to quote the Shares on the NZX Main Board, and all requirements of NZX relating thereto that can be complied with on or before the date of this announcement (being 17 July 2014) have been duly complied with. However, NZX accepts no responsibility for any statement in this announcement. The NZX Main Board is a registered marked operated by NZX, which is a registered exchange, regulated under the Securities Markets Act 1988.

About the Vista Group
Vista Group is a global leader in film industry software solutions comprising six businesses. Building on the leading position of Vista Entertainment Solutions, the core business within the Group that operates in the cinema exhibition industry, Vista Group is now expanding to offer solutions across the wider film industry. It has over 250 staff across six offices in New Zealand (headquarters), the USA, the UK, the Netherlands, Australia and China. In addition to these offices, Vista Entertainment Solutions has a global distribution network of business partners operating around the world, which the other Group businesses can utilise to support their growth. A copy of the Investment Statement and the Prospectus can be accessed from:


© Scoop Media

Business Headlines | Sci-Tech Headlines


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news