- Title:
Schedule One - Vista Parcs Group Ltd - Time:
08:00:01 - Date:
17 Mar 2026 - Category:
Capital structure - ID:
8582W
⌘K
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ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
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COMPANY NAME: |
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Vista Parcs Group Ltd ("Vista" or the "Company" or the "Group")
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
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213 Cromford Road, Langley Mill, Nottingham, England, NG16 4EU
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COUNTRY OF INCORPORATION: |
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England and Wales - 16728222
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
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TBC (from admission)
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
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Vista Parcs Group Ltd (to be reregistered as a plc prior to Admission) is a newly incorporated entity proposing to acquire a portfolio of 13 UK-based holiday and residential parks currently owned by Barney Group 2 Ltd ("BG2") and operated by Baslow Parks Ltd ("Baslow"). Concurrently with the acquisition, Vista intends to seek admission of its enlarged issued share capital to trading on AIM.
Baslow operates a portfolio of residential and holiday parks across the UK, comprising pitches occupied by manufactured homes, lodges and static caravans, as well as sites with significant planning potential. The business benefits from multiple recurring revenue streams, including pitch fees and rentals, which are complemented by the sale of residential and holiday units and hire fleet operations. An independent RICS Red Book valuation was recently undertaken by Knight Frank LLP indicating an aggregate portfolio value of approximately £80.5 million.
The portfolio offers substantial growth potential and, within existing planning permissions, the Directors believe there is also scope for approximately 2.3x growth in the number of occupied pitches, driven by a more focused manufactured home sales and marketing effort, with professionalisation of site operations, targeted capital investment and operational optimisation. In addition, there is space for a further 922 potential pitches within the future planning pipeline, identified by the Company for possible future development as a holiday or residential pitch, but which do not currently benefit from full planning permission or an equivalent consent for use as a pitch..
The Acquisition consideration is expected to be satisfied by the payment by the Company of a cash consideration, financed through a combination of the proceeds of issue of the placing shares to be received on Admission and by the Company's committed debt facilities with HSBC, as well as by the issue of the consideration shares.
Following Admission, the Group's proposed strategy is to accelerate unit sales across a greater proportion of its sites and to enhance asset performance through professional site management, targeted investment in infrastructure and amenities, planning and development optimisation, and the deployment of technology enabled systems to improve customer experience and operational efficiency. As part of its sales and marketing strategy, the Group intends to offer a part exchange facility on residential park homes through established, independent third-party providers in order to assist prospective customers in facilitating the transaction process and reducing barriers to purchase where appropriate. The Directors will also consider accretive bolt on acquisitions where appropriate.
The Company will be led by a Board having over 100 years of combined sector experience.
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
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Ordinary shares of £TBC each to be admitted to trading, issued at a price of £TBC per ordinary share. No restrictions as to transfer of the ordinary shares, and no ordinary shares to be held in treasury.
Number of ordinary shares to be admitted to trading: TBC
No restrictions on the transfer of shares.
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
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£TBC million via a placing of new ordinary shares
Market capitalisation on admission based on an issue price of TBC pence of approximately £TBC million
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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TBC per cent.
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: |
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None
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
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Current Daniel Fletcher - Executive Director (Chief Operating Officer)
Proposed David Boden - Proposed Non-Executive Chairman James Rigby Voce - Proposed Executive Director (Chief Executive Officer) Trevor James Smith - Proposed Executive Director (Chief Financial Officer) Christopher Rupert Ralph Sweeting - Proposed Non-Executive Director Alexander (Alex) Corfield Key Carter - Proposed Non-Executive Director
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
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*Anthony James Barney, alongside his wife Donna Michelle Barney, are the ultimate beneficial owners of BG2.
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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Zen Ventures Ltd
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
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(i) 31 December (ii) 30 September 2025 Vista is a newly incorporated company which has not yet commenced operations and as such, only historical financial information in respect of Baslow (and not the Company) have been presented in the admission document. (iii) 30 June 2026 in respect of the nine months to 31 December 2025 30 September 2026 in respect of the six months ended 30 June 2026 30 June 2027 in respect of the year ended 31 December 2026
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EXPECTED ADMISSION DATE: |
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Late March 2026
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NAME AND ADDRESS OF NOMINATED ADVISER: |
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Zeus Capital Limited 125 Old Broad Street, London, EC2N 1AR
82 King Street, Manchester, M2 4WQ
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NAME AND ADDRESS OF BROKER: |
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Zeus Capital Limited 125 Old Broad Street, London, EC2N 1AR
82 King Street, Manchester, M2 4WQ
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
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The admission document, which will contain full details of the applicant and its securities, will be available from TBC.
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THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY |
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QCA Corporate Governance Code
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DATE OF NOTIFICATION: |
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17 March 2026
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NEW/ UPDATE: |
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New
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Schedule One - Vista Parcs Group Ltd08:00:0117 Mar 2026Capital structure8582W