20th Mar 2026 18:39
Vista Parcs Group Ltd - entity proposing to acquire a portfolio of UK holiday and residential parks - Announces the launch of a conditional retail offer ahead of its planned initial public offering on AIM in London, with the issue price to be determined at the close of the bookbuilding process. Expects admission to take place at the London market open on Tuesday, March 31. Vista Parcs is also conducting a placing of new shares to institutional investors, as announced on Monday. Says it seeks to benefit from structural market growth trends, supported by the UK's ageing population, an increase in staycations, and residential housing shortages. Highlights its board's "significant sector experience". Intends to acquire the 13 holiday and residential parks for consideration of GBP68.5 million, a discount to Knight Frank LLP's independent valuation of approximately GBP80.5 million. Read More