Announcement
GENERAL: VGL: Vista Group acquires 100% of Numero Limited
02:21pm
VGL
14/10/2019 14:21
GENERAL
NOT PRICE SENSITIVE
REL: 1421 HRS Vista Group International Limited
GENERAL: VGL: Vista Group acquires 100% of Numero Limited
Vista Group is pleased to announce that it has today acquired the remaining
50% of Vista Group associate company Numero Limited from Stuyar Pty Limited,
an entity associated with Numero Chief Executive, Simon Burton. Numero
provides an aggregated Box Office reporting platform that delivers the film
industry and media clean, fast and effective Box Office information.
Vista Group Chief Executive Kimbal Riley stated:
"We are very happy to finally take full ownership of Numero. Numero has
experienced strong revenue growth over FY2018 and the timing is right to
bring it within the Vista Group. We are really excited about the
opportunities ahead of Numero and working with Simon to achieve its
potential."
The transaction consideration is not material and involves a combination of
cash and Vista Group shares, with the final consideration determined based on
specific earnings and revenue targets being achieved by Numero Limited over
the coming two years.
Kimbal Riley
Group Chief Executive
Vista Group International Ltd
Contact: +64 9 984 4570
End CA:00342586 For:VGL Type:GENERAL Time:2019-10-14 14:21:24
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