Vital board recommends shareholders accept Tait takeover offer

Tait International Limited's takeover bid for Vital Limited (NZX: VTL) has become unconditional, with Tait now holding acceptances for over 90% of Vital shares. Consequently, the offer period has been automatically extended to 11:59 pm on 25 September 2025. Vital's board recommends that shareholders who wish to be paid promptly, rather than await compulsory acquisition, accept the offer of NZ$0.45 per share.

After the extended closing date, Tait will compulsorily acquire any remaining shares at the offer price, and Vital will begin the process of delisting from the NZX. This compulsory acquisition could take up to 40 working days after the offer's closing date. NZX typically suspends trading in Vital shares five trading days after the formal compulsory acquisition process begins.

Shareholders can contact Vital's chairman, John McMahon, for investor relations inquiries, or Richard Llewellyn for media inquiries. Further information regarding specific dates for compulsory acquisition and trading suspension will be provided.