Brief: Vita Group Announces Sale Of Retail ICT And Sprout Business To Telstra

Vita

23/09/2021 23:26

Sept 24 (Reuters) - Vita Group Ltd  VTG.AX :
    * VITA GROUP LTD - SALE OF RETAIL ICT AND SPROUT
BUSINESS-VTG.AX
    * VITA GROUP LTD -  PROPOSED TRANSACTION PROVIDES
SHAREHOLDER
VALUE VIA AN EXPECTED FULLY FRANKED SPECIAL DIVIDEND OF A$65 TO
A $75 MILLION
    * VITA GROUP LTD-VITA INTENDS TO RETAIN ABOUT A$35 MILLION
TO FUND
GROWTH OF ARTISAN AESTHETIC CLINICS BUSINESS
    * VITA GROUP LTD -  ATTACHED FRANKING CREDITS OF UP TO 
A$0.17 TO
A$0.19 PER SHARE FOR SPECIAL DIVIDEND
    * VITA GROUP LTD-VITA GROUP BOARD UNANIMOUSLY RECOMMENDS
THAT VITA
SHAREHOLDERS VOTE IN FAVOUR OF RETAIL ICT SALE
    * VITA GROUP LTD -  SALE OF RETAIL INFORMATION AND
COMMUNICATION
TECHNOLOGY BUSINESS TO TELSTRA FOR CASH CONSIDERATION OF A$110
MILLION
    * VITA GROUP LTD -  UNANIMOUSLY RECOMMENDS THAT VITA
SHAREHOLDERS
VOTE IN FAVOUR OF RETAIL ICT SALE
    * VITA GROUP LTD -  EACH DIRECTOR INTENDS TO VOTE ALL VITA
SHARES
HELD OR CONTROLLED BY THEM IN FAVOUR OF RETAIL ICT SALE

Source text for Eikon:  ID:nASX1XD68H 
Further company coverage:  VTG.AX 

 (Reuters.briefs@thomsonreuters.com)