VUN - Vunani Limited - Acquisition Of A 51% Interest In Jala Group
VUN
VUN
VUN - Vunani Limited - Acquisition Of A 51% Interest In Jala Group
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani")
ACQUISITION OF A 51% INTEREST IN JALA GROUP
Vunani Capital (Proprietary) Limited has acquired a 51% interest in Jala Group
("Jala") for a nominal amount, which will be re-named Vunani Technology Ventures
("VTV") ("the transaction"). The remaining 49% will be held by the existing
management of VTV. The new business will create a platform for investments into
technology companies by offering advisory and investment banking to high-
growth, mid-market software entrepreneurs. The acquisition will combine the
investment banking expertise and black empowerment credentials of Vunani with
the IT skills and experience of Jala.
CLASSIFICATION OF THE TRANSACTION
The transaction does not fall within paragraph 21.10 of the JSE Listings
Requirements.
Sandton
28 May 2010
Independent Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 28/05/2010 11:52:01 Produced by the JSE SENS Department.
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