Vital receives takeover intention from Tait International

Vital Limited (NZX:VTL) has announced that it has received a takeover intention from Tait International. Tait intends to make an offer to acquire 100% of Vital's fully paid ordinary shares at NZD 0.45 per share. The takeover offer is expected to be subject to a 90% minimum acceptance condition. The Vital Board advises shareholders to take no action until further advice is provided and will consider the Company's response to any takeover notice. Vital has requested that NZX release the trading halt and recommence trading in VTL shares.