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
