Tait launches takeover bid for Vital

Vital Limited (NZX:VTL) announced today that Tait International Limited has made a formal offer to acquire all of Vital's equity securities, including ordinary shares and options issued to employees. The offer document has been sent to shareholders and option holders. Tait's offer is open for acceptance until 11.59pm on 18 July 2025, unless extended by Tait in accordance with the Takeover Code. Vital's board will issue a Target Company Statement, including an Independent Adviser's Report by Grant Samuel, by 4 July 2025 and advises shareholders to take no action until the statement is received. Investors with questions are encouraged to contact John McMahon, Vital Chairman. Media inquiries should be directed to Hugo Shanahan.