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VUNANI LIMITED - Finalisation announcement in respect of the VCP Unbundling

Release Date: 01/02/2021 11:07
Code(s): VUN     PDF:  
Wrap Text
Finalisation announcement in respect of the VCP Unbundling

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani”)

FINALISATION ANNOUNCEMENT IN RESPECT OF THE VCP UNBUNDLING

Shareholders (“Shareholders”) are referred to the circular (“Circular”) posted on
Monday, 30 November 2020 in respect of the VCP Unbundling from which the defined
terms as utilised below have been extracted from, unless specified otherwise.

Shareholders are further referred to the announcement released on SENS on 11
January 2021 in respect of the results of the General Meeting to approve the VCP
Unbundling wherein Shareholders were advised that the requisite approval had been
obtained.

Shareholders are finally referred to the announcement released on SENS on 19
January 2021 wherein such announcement Shareholders were advised that the
Suspensive Conditions in respect of the VCP Unbundling were still to be fulfilled
or waived.

Shareholders are hereby advised that the Conditions Precedent in respect of the
VCP Unbundling have been fulfilled and accordingly the VCP Unbundling will be
implemented in accordance with the timeline below:

Finalisation announcement in respect of the VCP
                                                       Monday, 1 February 2021
Unbundling published on SENS on
Finalisation announcement in respect of the VCP
                                                       Tuesday, 2 February 2021
Unbundling published in the South African press on
Last day to trade Shares in order to be recorded in
                                                       Tuesday, 9 February 2021
the Register to participate in the VCP Unbundling on
                                                       Wednesday, 10 February
Vunani Shares trade ex-right to the VCP Unbundling
                                                       2021
Announcement in respect of the apportionment of base
                                                       Wednesday, 10 February
costs in relation to the VCP Unbundling for taxation
                                                       2021
purposes by
VCP Unbundling Record Date                             Friday, 12 February 2021
Date on which Vunani Shareholders will have the VCP
Shares issued as Certificated Shares and retained by
the Transfer Secretary on                              Monday, 15 February 2021

(please refer to notes 3 and 4 below)



Notes:
1. The above dates and times are subject to amendment at the discretion of Vunani,
   subject to the approval of the JSE, if required. Any such amendment will be
   published on SENS.
2. Share certificates may not be Dematerialised or re-materialised between
   Wednesday, 10 February 2021 and 15 February 2021, both days inclusive.
3. In terms of the VCP Unbundling, the VCP Shares will be issued in Certificated
   form only. Given the timeline of 12 months to the VCP Listing, original share
   certificates in respect of the VCP Shares will not be delivered to Shareholders
   and will be retained by the Transfer Secretaries on behalf of Shareholders, in
   anticipation of dematerialisation of the VCP Shares upon the VCP Listing.
4. Shareholders may request a receipt evidencing the issuance and providing
   details of their VCP share certificate from the Transfer Secretaries. Requests
   for such VCP share certificate receipts must be sent to Vunani@singular.co.za.

Sandton
1 February 2021

Corporate Adviser
Vunani Corporate Finance

Sponsor
Grindrod Bank Limited

Date: 01-02-2021 11:07:00
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