VUN - Vunani - Trading Update And Renewal Of Cautionary Announcement
VUN
VUN
VUN - Vunani - Trading Update And Renewal Of Cautionary Announcement
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani" or "the company" or "the group")
TRADING UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Trading update
Vunani is currently finalising its results for the six months ended 30 June 2009
and it is expected that, when compared to the corresponding prior period, the
company`s loss situation will improve as follows:
Headline and basic loss per share have improved by between 80% and 100%.
The financial information on which this trading update is based has not been
reviewed or reported on by the company`s auditors.
The company`s interim results for the six months ended 30 June 2009 are expected
to be released on SENS on or about 11 September 2009.
Renewal of cautionary announcement
Shareholders are referred to the announcement, dated 1 July 2009, relating to a
proposed rights offer and debt restructuring and are advised to continue to
exercise caution when dealing in the company`s securities on the JSE until such
time as an announcement, containing confirmation of the finalisation of the
amendments to the existing loan agreements and the financial effects of the
restructuring, is released.
Sandton
7 September 2009
Lead Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 07/09/2009 17:13:01 Produced by the JSE SENS Department.
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