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Sirbrighton

379 Posts.

71

15/03/23

15:16

Post #: 66780745
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Originally posted by Sirbrighton: ↑

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"In Small Caps Land, Vita Group (ASX:VTG) has blasted off to the tune of around 72%, after the company revealed that it has entered into a scheme implementation agreement with Practice Management, which would see the latter acquire 100% of VTG for a cash consideration of $0.06255 per share.

Under the terms of the deal, VTG will be permitted to pay a fully franked special dividend of up to $0.06425 per VTG share on or before the scheme implementation date, subject to the scheme being approved by shareholders and the Court.

If the dividend goes ahead, it would have up to approximately $0.02754 per VTG share in franking credits attached.

It’s a big win for VTG shareholders, who would be in line for a total value of up to $0.12680 per VTG share, before the benefit of any franking credits – and the news has sent VTG’s share price up past $0.138."

DYOR research. Views are not financial advice.

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VTG Price at posting: 14.0¢ Sentiment: None Disclosure: Held
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