Simon Herbert's Empire Capital inks agreement with second Vital shareholder for partial takeover

Simon and Paula Herbert have Vital in their sights. (Image: NZME)

Mon, 26 Aug 2024

A second Vital shareholder has backed Simon Herbert's partial takeover bid.Herbert's Empire Capital has locked up 9.7% of the tech firm’s shares and the marina investor announced his intention to snap up a 50.01% stake in the New Zealand Exchange-listed tech minnow on Aug 14, valuing the business at about $8 million. Empire Capital had already secured the backing of Vital's largest shareholder, Asset Management Partners, and on Friday disclosed it had agreed with shareholder Andrew Fleck to buy 700,000 of his shares in th...

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