Vista board recommends shareholders vote against Potentia's proposal

Susan Peterson's position on Vista's board is under threat following a proposal by the company's largest shareholder. (Image: Vista Group)

John Anthony

Fri, 18 Oct 2024

Vista’s board strongly recommends that shareholders reject a proposal to replace two existing directors with a partner from its largest shareholder, Potentia Capital.On Friday morning, Vista notified the New Zealand Exchange (NZX) of a special meeting to be held in Auckland on Nov 15 at the request of Admetus Capital, associated with Potentia, which holds 19.93% of Vista’s shares. Under law, shareholders with a stake of 5% or more can request such a meeting. Potentia originally proposed four resolutions: removing directors...

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