New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

Vista Group International / Equity Bottom-Up

<ul><li>Vista Group (VGL) has this morning announced that existing client Cinépolis has signed an agreement to transition its 504-site Mexican circuit to Vista Cloud Operational Excellence, representing VGL’s largest cloud agreement to date by site count.</li><li>Earlier this month, Vista also announced the addition of 88 Cineworld-branded sites in the UK to its Digital Enablement tier (14 May 2026 announcement).</li><li>VGL remains our preferred sector pick, with an OUTPERFORM rating and NZ$3.28 target price (+64% upside to yesterday NZ$1.995 closing share price).</li></ul>

Vista Group (VGL) has this morning announced that existing client Cinépolis has signed an agreement to transition its 504-site Mexican circuit to Vista Cloud Operational Excellence, representing VGL’s largest cloud agreement to date by site count.Earlier this month, Vista also announced the addition of 88 Cineworld-branded sites in the UK to its Digital Enablement tier (14 May 2026 announcement).VGL remains our preferred sector pick, with an OUTPERFORM rating and NZ$3.28 target price (+64% upside to yesterday NZ$1.995 closing share price).

Vista (VGL) - Signs The Largest Site Transition Deal To Date