- Release Date: 18/03/16 08:53
- Summary: GENERAL: VGL: VGL - Offer of same class financial products for sale
- Price Sensitive: No
- Download Document 2.2KB
VGL 18/03/2016 08:53 GENERAL PRICE SENSITIVE REL: 0853 HRS Vista Group International Limited GENERAL: VGL: VGL - Offer of same class financial products for sale 18 March 2016 Vista Group International Limited (VGL) Notice of offer of same class financial products for sale The shareholders listed in the appendix to this notice (the Selling Shareholders) have advised that they intend to undertake a sale of the ordinary shares listed in the appendix (collectively, the Sale Shares) in Vista Group International Limited (VGL). The sale is to be undertaken by way of an underwritten book build managed by Macquarie Capital (New Zealand) Limited and Macquarie Securities (NZ) Limited. Pursuant to clause 20(1)(a) of Schedule 8 to the Financial Markets Conduct Regulations 2014 (FMC Regulations), and the Financial Markets Conduct Act 2013 (FMCA), VGL states that: 1. The Selling Shareholders will be making its offer in reliance upon the exclusion in clause 19 of Schedule 1 to the FMCA and VGL is giving this notice under clause 20(1)(a) of Schedule 8 to the FMC Regulations. 2. As at the date of this notice, VGL is in compliance with the continuous disclosure obligations and there is no "excluded information" (being information that has been excluded from a continuous disclosure notice in accordance with the NZX Main Board Listing Rules) as at the date of the notice. 3. While VGL continues to progress the new venture in China with WePiao, which was announced to the market on 4 March, 2016, that venture remains conditional on the matters disclosed then ( regulatory approvals, WePiao being satisfied with due diligence on Vista China and no interim period warranty breaches). 4. Further, VGL intends to continue its strategy of investing in high quality film industry software solutions. 5. As at the date of the notice, VGL is in compliance with its financial reporting obligations. 6. The proposed sale of the Sale Shares is being undertaken by way of an off market sell down to institutions and retail brokers, and is not expected to have any impact on the control of VGL. Yours faithfully Brian J Cadzow Director - Commercial and Legal Vista Group International Limited End CA:00279476 For:VGL Type:GENERAL Time:2016-03-18 08:53:28
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$2.99 |
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Open | High | Low | Value | Volume |
$2.98 | $2.99 | $2.93 | $484.2K | 162.3K |
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0 | 17814 | $2.95 |
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Price($) | Vol. | No. |
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$3.00 | 22935 | 0 |
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