News: VRT Virtus Health Enters Into Binding Implementation Deed With CapVest At Improved Price

March 14 (Reuters) - VIRTUS HEALTH LTD (VRT) :

• ENTERS INTO BINDING IMPLEMENTATION DEED WITH CAPVEST AT IMPROVED PRICE
• CAPVEST PARTNERS LLP TO ACQUIRE 100% OF VIRTUS AT A$8.25 CASH PER SHARE
• BOARD UNANIMOUSLY RECOMMENDS BINDING CAPVEST TRANSACTION IN ABSENCE OF SUPERIOR PROPOSAL A
• MAY DETERMINE AND PAY A FULLY FRANKED SPECIAL DIVIDEND, BASED ON H1 FY22 RESULTS
• PERMITTED TO DECLARE AND PAY A FULLY FRANKED SPECIAL DIVIDEND OF UP TO 44 AU CPS ON OR BEFORE IMPLEMENTATION DATE OF SCHEME
• ON GETTING CAPVEST'S IMPROVED OFFER, UNANIMOUSLY DETERMINED WOULD NOT ENGAGE FURTHER WITH/PROVIDE DUE DILIGENCE ACCESS TO BGH CAPITAL