Ann: LISTING: VGL: Vista Group Listing Announcement

• Release Date: 11/08/14 11:32
• Summary: LISTING: VGL: Vista Group Listing Announcement
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					VGL
11/08/2014 11:32
LISTING

REL: 1132 HRS Vista Group International Limited

LISTING: VGL: Vista Group Listing Announcement

PRESS RELEASE

Vista Group: Trading as a Public Company Begins Today

11 August, 2014 - Following a successful Initial Public Offering (IPO) that
raised NZ$92 million - the trading of shares in Vista Group International
will commence today on the NZX Main Board and ASX.

More than twice covered, the offer raised $40 million in new capital.  This
will be used to fund acquisition and development plans, including recent
investments in data analytics and campaign management software company,
Movio, and Netherlands-based film distribution software company MACCS. Also
a priority is the expansion of Veezi, the Group's cloud based product for the
smaller, independent cinema circuit market.

Vista Group Chairman Kirk Senior says the transition to become a publicly
listed company represents an important step in support of a clearly defined
strategy to grow and diversify earnings beyond the film exhibition sector and
into the broader film industry.

"On behalf of the Board and management team, I'd like to thank all of those
investors that have supported the company through the offer - welcome
aboard," he said.

At the issue price of $2.35 per share, and ahead of the start of trading,
Vista Group has an indicative market capitalisation of $188 million with a
total of 80 million shares on issue. Existing shareholders prior to the Offer
have retained a 47 per cent stake in the Company.

Founder and Chief Executive Murray Holdaway says that since 1996, the team
has focussed on creating an enduring New Zealand software company, which
today is a proven and profitable global enterprise.

"Opening up the ownership of the company to staff and investors in support of
realising our
longer-term ambitions reflects a milestone development for Vista. The new
capital structure will support our next chapter of growth to become the
leading provider of software solutions to the wider film sector, including
growing our global share of the large cinema circuit market (20+ screens).

"We have a great deal more growing to do in the exhibition space, not only in
developing cinema markets such as China, Brazil, Russia and India, but in
mature markets, where the total number of screens continues to grow," says Mr
Holdaway.

"In the past 18 months, we've secured 40 new customers, including the world's
largest cinema exhibitor, Regal Entertainment Group, which operates 575
locations in the United States," Holdaway added.

*Trading will commence on the NZX Main Board under the ticker code VGL at
11:30am (NZT), and the ASX under the ticker code VGI from 10:30am (AEST) /
12:30pm (NZT).

ENDS

For media interview requests, please contact: Tom Judd on 0276 543 430.

Images
To access an image of Vista Group International's Chief Executive Officer,
Murray Holdaway, please use either of the following two links:
1. https://www3.ibackup.com/qmanager/servlet/share?key=gzhcl46159

2. https://www3.ibackup.com/qmanager/servlet/share?key=jxajh94220

About the Vista Group
Vista Group is a global leader in film industry software solutions currently
comprising six businesses. Building on the leading position of Vista
Entertainment Solutions, (the core business within the Group operating 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, which other Group
businesses can also utilise to support their growth. For more information
about the Vista Group, please visit: www.vistagroup.co.nz
End CA:00253689 For:VGL    Type:LISTING    Time:2014-08-11 11:32:08