Vista Group announces share split to increase liquidity

Fri, 10 Nov 2017

By Rebecca Howard Nov. 10 (BusinessDesk) - Vista Group International plans to double its shares on issue via a two-for-one split to increase market liquidity. Shareholders will receive two ordinary shares for every one ordinary share held at 5pm on the record date of Nov 24. The Auckland-based company currently has 82.4 million shares on issue and a market capitalisation of $440 million. The shares last traded at $5.35 and are down 4.5 percent so far this year. "The share split is a measure taken to enhance the liquidity in the market...

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