Viad Corp to Relaunch as Pursuit and Trade on NYSE as PRSU
19 Décembre 2024 - 1:00PM
Business Wire
New Name to Follow Transformative GES
Transaction, Reflects Company’s Singular Focus on Leisure and
Hospitality Through Delivering Unforgettable Experiences in Iconic
Destinations
Corporate Name Change to Take Effect on
December 31, 2024; Will Begin Trading Under New NYSE Ticker, PRSU,
on January 2, 2025
Viad Corp (NYSE: VVI) (“Viad” or the “Company”) today announced
that it will change its corporate name to Pursuit Attractions and
Hospitality, Inc. (“Pursuit”) effective December 31, 2024, and will
begin trading under a new NYSE common stock ticker “PRSU” on
January 2, 2025.
These actions will follow the previously announced sale of
Viad’s GES business, which is expected to close on December 31,
2024. Following the sale of GES, the Company’s remaining business,
Pursuit, will stand alone as a publicly traded company with a new
name and common stock ticker reflective of the ongoing attractions
and hospitality business.
As an independent, high-growth and high margin business, Pursuit
will have the financial flexibility and balance sheet capacity to
accelerate its proven Refresh, Build, Buy growth strategy and
capitalize on its substantial growth prospects in the attractions
and hospitality space.
No action by the Company’s shareholders is required regarding
the ticker symbol change.
About Viad
Viad (NYSE: VVI) is a leading global provider of extraordinary
experiences, including attractions, hospitality, exhibition
services, and experiential marketing through two businesses:
Pursuit and GES. Our business strategy focuses on delivering
extraordinary experiences for our teams, clients and guests, and
significant and sustainable growth and above-market returns for our
shareholders. Viad is an S&P SmallCap 600 company.
Pursuit is an attractions and hospitality company that owns and
operates a collection of inspiring and unforgettable experiences in
iconic destinations in the United States, Canada, and Iceland.
Pursuit’s elevated hospitality experiences include 14 world-class
point-of-interest attractions and 28 distinctive lodges, along with
integrated restaurants, retail and transportation that enable
visitors to discover and connect with stunning national parks and
renowned global travel locations.
GES is a global exhibition services and experiential marketing
company offering a comprehensive range of services to the world’s
leading event organizers and brands through two reportable
segments, GES Exhibitions and Spiro. GES Exhibitions is a global
exhibition and trade show management business that partners with
leading exhibition and conference organizers as a full-service
provider of strategic and logistics solutions to manage the
complexity of their shows with teams throughout North America,
Europe, and the Middle East. Spiro is a global experiential
marketing agency that partners with leading brands around the world
to manage and elevate their experiential marketing activities,
bonding brand and customer.
For more information, visit www.viad.com.
Forward- Looking Statements
This press release contains a number of forward-looking
statements. Words, and variations of words, such as “will,” “can,”
“may,” “expect,” “would,” “could,” “might,” “intend,” “plan,”
“believe,” “estimate,” “anticipate,” “deliver,” “seek,” “aim,”
“potential,” “target,” “outlook,” and similar expressions are
intended to identify our forward-looking statements. Such
forward-looking statements include those that address activities,
events or developments that Viad or its management believes or
anticipates may occur in the future, including all statements
regarding expectations concerning Pursuit’s opportunities and
performance as a standalone public company and the expected timing
of the closing of the GES transaction. Similarly, statements that
describe our go-forward business strategy, objectives, plans,
intentions, or goals also are forward-looking statements. These
forward-looking statements are not historical facts and are subject
to a host of risks and uncertainties, many of which are beyond our
control, which could cause actual results to differ materially from
those in the forward-looking statements. Important factors that
could cause actual results to differ materially from those
described in our forward-looking statements are set forth under
Item 1A, “Risk Factors,” of our most recent annual report on Form
10-K and in our most recent Current Report on Form 10-Q filed with
the SEC. We disclaim and do not undertake any obligation to update
or revise any forward-looking statement in this press release
except as required by applicable law or regulation.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241219621159/en/
Carrie Long or Michelle Porhola Investor Relations (602)
207-2681 ir@viad.com
Scott Bisang or Nick Lamplough Media Relations
Pursuit-CS@collectedstrategies.com
Viad (NYSE:VVI)
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