Tait's offer for Vital has become unconditional in all respects.
As a result, the offer period has been automatically extended to September 25, 2025.
Tait will now be able to acquire and pay for the Vital shares for which it has already received acceptances within five working days.
Shareholders who have not yet accepted the offer are being urged to do so as soon as possible to avoid waiting for the compulsory acquisition process.
After the offer closes, Tait will compulsorily acquire any remaining shares at the offer price of $0.45 per share.
Vital will then begin the process of delisting from the NZX.
It is expected to take up to 40 working days for the outstanding shares to be compulsorily acquired, depending on when Tait starts the process.
Vital said it is NZX's usual practice to suspend trading in its shares five trading days after the formal compulsory acquisition process begins.
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