VUNANI LIMITED - Update to shareholders regarding the acquisition of Fairheads by a subsidiary of Vunani
VUN 201505040038A
Update to shareholders regarding the acquisition of Fairheads by a subsidiary of Vunani
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the Company”)
Update to shareholders regarding the acquisition of Fairheads by a
subsidiary of Vunani
Shareholders are referred to the announcements released on SENS on
12 March 2015,26 March 2015 and 30 April 2015 (“SENS
Announcements”) relating to the acquisition by Mandlalux
Proprietary Limited (“the Purchaser”), a subsidiary of Vunani, of
100% of the shares of Fairheads International Holdings (SA)
Proprietary Limited (“Fairheads”) for a total purchase
consideration of R210 million (“Purchase Consideration”) (“the
Transaction”).
Shareholders are advised that the Transaction has become
unconditional as all the conditions precedent have now been
fulfilled.
Sandton
4 May 2015
Corporate Adviser
Vunani Corporate Finance
Designated Adviser
Grindrod Bank Limited
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