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

Sept 24 (Reuters) - Vita Group Ltd (VTG) :

• 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