Takeovers Panel determines application for expenses reimbursement – Vital Limited
Published 14 March 2025
The Panel has made a determination in respect of an application from Vital Limited (Vital) seeking an expenses reimbursement determination under section 49(2)(b) of the Takeovers Act 1993 (the Act) in respect of the takeover notices issued to Vital on 19 and 26 August 2024 by Empire Technology Limited (Empire).
On 13 March 2025 the Panel determined that the amount to be reimbursed to Vital by Empire for the purposes of section 49(2)(b) of the Act is $247,036.58 and ordered that Empire pay this sum to Vital In accordance with section 50(b)(ii) of the Act.
The Panel's determination and statement of reasons is available below.
- Tags:
- determination
