News: VRT Virtus Health Says Capvest Tables Improved Proposal To Acquire Virtus

March 1 (Reuters) -

• VIRTUS HEALTH LTD - CAPVEST TABLES IMPROVED PROPOSAL TO ACQUIRE VIRTUS
• VIRTUS HEALTH LTD - CAPVEST PARTNERS PROPOSAL TO ACQUIRE ALL OF VIRTUS' SHARES BY WAY OF SCHEME OF ARRANGEMENT OFFERING A$7.80 CASH PER SHARE
• VIRTUS HEALTH - CAPVEST INDICATED IT IS WILLING TO PROCEED WITH ALTERNATIVE STRUCTURE WHICH ONLY REQUIRES ACCEPTANCE BY 50.1% OF VIRTUS SHAREHOLDERS
• VIRTUS HEALTH LTD - VIRTUS BOARD HAS DETERMINED THAT IT WILL NOT BE ENGAGING WITH BGH CAPITAL PTY LTD IN RESPECT OF ITS REVISED PROPOSAL
• VIRTUS HEALTH LTD - CAPVEST EXPECTS TO BE IN A POSITION TO ENTER INTO AN IMPLEMENTATION AGREEMENT BY 11 MARCH
• VIRTUS HEALTH LTD - CAPVEST HAS ALSO ADVISED THAT A SUBSTANTIAL LEVEL OF DUE DILIGENCE HAS NOW BEEN UNDERTAKEN BY CAPVEST
• VIRTUS HEALTH LTD - CAPVEST EXPECTS TO BE IN A POSITION TO ENTER INTO IMPLEMENTATION AGREEMENT BY 11 MARCH 2022