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)

Thu, 05 Sep 2024

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...

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