Tait International Ltd., a private global provider of critical communications solutions, announced that the Vital Ltd. Board recommended that shareholders and option holders should accept Tait’s takeover offer made on 19 June 2025. The recommendation takes into account an Independent Adviser’s Report commissioned by Vital addressing the merits of Tait’s offer, and the Vital directors’ views on future market and strategy execution risks and other factors relevant to Vital as a standalone business. Vital’s recommendation is set out in its Target Company Statement, which was released to NZX on 4 July 2025 and has now been sent to Vital shareholders.
Tait is offering to acquire all of Vital’s shares for $0.45 per share and all of the unlisted employee share options for $0.13 per option.
“Tait is very happy that the Vital board has recommended Tait’s offer,” said Yoram Benit, PhD, Tait Communications CEO and Managing Director. “We encourage all Vital shareholders and option holders to accept the offer, which is a 64% premium to the Vital share price immediately prior to the trading halt on 26 May 2025.”
The offer closes at 11.59pm on 8 August 2025. The offer has been extended by Tait to allow Vital shareholders the opportunity to receive and review Vital’s Target Company Statement. If Vital shareholders have questions about the Offer or require further copies of the offer document and the acceptance form, they should contact the share registrar for the offer:
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