tiprankstipranks
Admetus Capital Takes Substantial Stake in Vista Group
Company Announcements

Admetus Capital Takes Substantial Stake in Vista Group

Vista Group International Ltd (AU:VGL) has released an update.

Pick the best stocks and maximize your portfolio:

Admetus Capital Limited has become a substantial holder in Vista Group International Ltd, acquiring 18.456% of the company’s shares with a total investment of NZ$92.1 million. The shares were purchased at NZ$2.10 each, with some directly from current holders and others via Jarden Securities Limited, with various settlement dates. Admetus has also agreed to an escalation payment arrangement with the sellers if a takeover offer or scheme arrangement occurs within 12 months at a price higher than the acquisition.

For further insights into AU:VGL stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App