| Fri 26 Feb 2010, 14:36 | | VUN - Vunani Limited - Change In Directors` Shareholding |
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VUN
VUN
VUN - Vunani Limited - Change In Directors` Shareholding
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani" or "the Company")
CHANGE IN DIRECTORS` SHAREHOLDING
Vunani shareholders are referred to the claw-back offer circular, dated 15
February 2010. Pursuant to the renounceable claw-back offer to Vunani
shareholders of 3 136 000 000 claw-back shares, Vunani entered into an agreement
with Vunani Group (Proprietary) Limited ("VG"), the controlling shareholder of
Vunani, The End Trust, Mabone Trust, Nicam Trust and AC Nissen ("Nissen")("the
agreement"). On 25 February 2010, in terms of the agreement, VG transferred 59
707 800 Vunani shares (of its holding of 746 250 000 Vunani shares) to Nissen in
return for Nissen`s 6.8% holding in VG. As Vunani is currently in a closed
period, the JSE was consulted and approved the share transfer arrangement set
out in the agreement
Accordingly, the beneficial indirect holdings of the below-listed directors of
Vunani have changed as follows:
Directors Before the issue of After the issue of
shares to Nissen shares to Nissen
297,881,884 274,048,219
EG Dube and associates
BM Khoza and associates 186,125,669 171,233,670
NM Anderson and associates 186,125,669 171,233,670
Sandton
26 February 2010
Independent Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 26/02/2010 14:36:03 Produced by the JSE SENS Department.
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