VUN
VUN
VUN - Vunani - Fulfilment of condition precedent
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani" or "the company")
FULIFILMENT OF CONDITION PRECEDENT - SALE OF VUNANI`S INVESTMENT IN EDGE
HOLDING COMPANY (PROPRIETARY) LIMITED ("EDGE") AND VUNANI PRIVATE EQUITY
PARTNERS (PROPRIETARY) LIMITED ("VPEP")
Shareholders are referred to the announcement published by the company on
SENS on 23 March 2011 wherein they were advised that Vunani had reached an
agreement with the Edge acquisition vendors to, inter alia, dispose of its
entire investment in Edge and VPEP and to cancel the agterskot shares ("the
settlement agreement").
Shareholders are accordingly advised that the condition precedent to the
settlement agreement has been fulfilled and that the settlement agreement
has become unconditional.
Sandton
15 April 2011
Independent Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 15/04/2011 16:51:01 Produced by the JSE SENS Department.
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