Stoush between Vital and Empire Capital continues

Simon and Paula Herbert were keen on Vital. (Image: NZME)

Tue, 03 Dec 2024

Vital said it will “strenuously defend” High Court proceedings filed by Empire Technology, an affiliate of Empire Capital. According to investor Simon Herbert’s Empire, the action “arises from Vital’s failure to inform the market about material information that would have critically influenced Empire Capital’s decision to pursue a partial takeover offer”.In August 2024, Empire announced its intention to make a partial takeover offer for 50.01% of Vital’s shares, based on publicly availab...

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