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Vista Group Successfully Completes Retail Entitlement Offer

Capital Raise7 May 2020VGLInformation Technology

8 May 2020
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES


VISTA GROUP SUCCESSFULLY COMPLETES RETAIL ENTITLEMENT OFFER


Vista Group International Limited (Vista Group) is pleased to advise that it has successfully

completed the retail entitlement offer component (Retail Entitlement Offer) of its 1 for 4.37 pro-rata

non-renounceable accelerated entitlement offer (Entitlement Offer). A total of NZ$65 million will be

raised under the Entitlement Offer and the institutional placement announced on 16 April 2020.

The Retail Entitlement Offer closed at 5pm (NZST) on Tuesday, 5 May 2020 and raised gross

proceeds of NZ$13.7 million. The Retail Entitlement Offer received strong support from Vista Group’s

Eligible Retail Shareholders with an effective take up rate, including allocations via the

oversubscription facility, of 90%. Eligible Retail Shareholders took up 76% of their entitlements, with

those who took up their entitlements in full also applying for an additional NZ$1.9 million of New

Shares.

Approximately 1.24 million New Shares were not taken up under the Retail Entitlement Offer and will

be allotted to the sub-underwriters of the Retail Entitlement Offer.

The New Shares to be issued under the Retail Entitlement Offer are expected to commence trading

on the NZX Main Board on Wednesday, 13 May 2020 and on the ASX on Thursday, 14 May 2020,

and will rank equally with existing Shares.

Holding statements for New Shares issued under the Retail Entitlement Offer will be dispatched by

the Registrar, Link Market Services Limited, on Wednesday, 13 May 2020.

Additional information

Shareholders who have any questions about the Entitlement Offer are encouraged to read the Offer

Document and seek financial, investment or other professional advice from a qualified professional

adviser.

For more information on the content of this announcement, please contact:

Kimbal Riley

Chief Executive Officer

Vista Group International Limited

Contact: kimbal.riley@vista.co


Matt Cawte

Chief Financial Officer

Vista Group International Limited

Contact: matt.cawte@vista.co



Note: All capitalised terms not defined in this announcement have the meanings given in Part 5: Glossary of

Vista Group’s Offer Document dated 16 April 2020.


This announcement has been prepared for publication in Australia and New Zealand and is not for

distribution or release in the United States. This announcement does not constitute an offer to sell, or

the solicitation of an offer to buy, any securities in the United States. Any securities described in this

announcement have not been, and will not be, registered under the US Securities Act of 1933, as

amended, or the securities laws of any state or other jurisdiction of the United States, and may not be

offered or sold in the United States except in transactions exempt from, or not subject to, registration

under the US Securities Act and applicable US state securities laws.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.