Hasta la Vista: Vista board rejects Potentia’s bid for multiple director seats

Hasta la Vista: Vista board rejects Potentia’s bid for multiple director seats
Vista chair Susan Peterson defended the software company from criticisms levelled by its new shareholder. (Image: NZME)
Rebecca Stevenson
New Zealand Exchange-listed Vista’s board has knocked back a proposal from new shareholder Potentia for several board seats. Australian tech investor Potentia took a 19.9% stake in the cinema software company in May. Potentia and its founder, Andrew Gray, made it known that they wanted a seat at the board table. However, its initial request for several board seats – BusinessDesk understands it wanted three director positions – had been declined. Vista independent chair Susan Peterson said Vista&rs...

More Markets

Auckland Airport numbers bounce back
Markets

Auckland Airport numbers bounce back

Numbers highest since the pandemic hit five years ago.

Cross-border rules on aviation emissions give airlines easy ride
Markets

Cross-border rules on aviation emissions give airlines easy ride

Around 80% of Air NZ's emissions from jet fuel are from international flights.

Analysts expect RV companies to raise equity
Property

Analysts expect RV companies to raise equity

“We expect investor support for a capital raise," Jarden's Arie Dekker said.

Rate decision odds are tight, NZD set for a wild ride
Markets Best of BusinessDesk

Rate decision odds are tight, NZD set for a wild ride

It did turn out to be an understatement.