Pinnacle Scales Down Stake in Vista Group

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

Pinnacle Investment Management Group Limited has substantially reduced its holding in Vista Group International Limited, from a 5.0754% stake to just 0.3365%. This change occurred following the sale of over 11 million shares to Admetus Capital Limited at NZD $2.10 per share, totaling approximately NZD $23.17 million. An escalation agreement is also in place, potentially adjusting the sale price if certain acquisition conditions are met within the next 12 months.

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