Potentia withdraws requisition for Special Meeting
The Board of Vista Group International Limited (NZX & ASX: VGL) refers to the special meeting of shareholders requisitioned by Admetus Capital Limited (Potentia) on 30 September 2024 and Vista Group’s Notice of Special Meeting dated 18 October 2024.
Vista Group received notification from Potentia yesterday formally advising of its withdrawal of the requisition for the special meeting and the withdrawal of all of the resolutions proposed for consideration at that special meeting.
Accordingly, shareholders are advised that Vista Group’s notice of the special meeting convened for 15 November 2024 is also withdrawn, and the special meeting will not be held.
Authorised for release by Vista Group’s Board of Directors.
For further information please contact:
Stuart Dickinson
Chief Executive Officer
Vista Group International Limited
Contact: +64 9 984 4570
About Vista Group
Vista Group International Limited is a global leader in providing technology solutions to the international film industry. With brands including Vista, Veezi, Movio, Numero, Maccs, Flicks and Powster, Vista Group’s expertise covers cinema management software; loyalty, moviegoer engagement and marketing; film distribution software; box office reporting; creative studio solutions; and the Flicks movie, cinema and streaming website and app.
The S&P/NZX 50 Index closed at 12,765.24, up 28.18 points or 0.22%.
Despite a $7m net loss, subscription revenue grew 28%.
Company expects market conditions to remain challenging in the second half.
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