31st Mar 2026 14:26
(Alliance News) - Vista Parcs Group PLC on Tuesday said that it expects to be admitted and start trading on the AIM in mid-April.
It is a prospective time window slightly later than the March 31 target it gave earlier this month.
The company, which is an entity looking to acquire 13 UK-based holiday and residential parks, launched a conditional retail offer on March 20.
The Nottingham, England-based company is yet to confirm the number of shares it will issue, as well as the issue price, in its initial public offering filings. It has partnered with London-based Zeus Capital Ltd which is acting as adviser and broker in the process.
Vista Parcs earlier said that it intends to buy the properties owned by Barney Group 2 Ltd and operated by Baslow Parks Ltd for a consideration of GBP68.5 million, a discount from Knight Frank LLP's independent valuation of approximately GBP80.5 million.
Vista Parcs previously said the portfolio generates multiple recurring income streams, including inflation-linked pitch fees and rental income, and it has near-term opportunities to grow capacity. It expects it to be cash-generative and pay its first dividend within the first year following its admission to the AIM.
Its strategy "will be to focus on accelerating unit sales across its sites, converting certain holiday units to higher-margin residential units and expanding its sales function."
By Martin Miraglia, Alliance News reporter
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