UPDATE: Vista Group to raise $40M, freeze dividends in push for growth

Fri, 04 Jul 2014

(Updates with chairman comment, dividend details, identifies holding company) By Suze Metherell July 4 (BusinessDesk) - Vista Group International, the cinema software developer and film distribution company, will freeze dividend payments for at least two years and raise up to $40 million of new capital in a drive for international growth. The Auckland-based company plans to sell between 37.2 million and 41.4 million of shares at an indicative price range of $2.10 to $2.70 in an initial public offer, according to the prospectus lodged w...

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