Tait International nearly completes Vital takeover

Tait International's full takeover offer for Vital has closed, with acceptances received for 96.3% of Vital's shares and 100% of its share options.

Tait must acquire and pay for the shares within five working days of receiving the acceptances.

Tait has also initiated the compulsory acquisition process for the shares that did not receive acceptances.

The compulsory acquisition price is $0.45 per share, the same as the offer price.

Outstanding shareholders have until October 17, 2025, to voluntarily transfer their shares to Tait.

If they do not, Tait will compulsorily acquire the shares by October 24, 2025.

The payment for the compulsorily acquired shares will be held in an interest-bearing trust account by Vital until claimed by the shareholders.