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VUN - Vunani - Trading Update And Renewal Of Cautionary Announcement

Release Date: 07/09/2009 17:13
Code(s): VUN
Wrap Text

VUN - Vunani - Trading Update And Renewal Of Cautionary Announcement VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company" or "the group") TRADING UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Trading update Vunani is currently finalising its results for the six months ended 30 June 2009 and it is expected that, when compared to the corresponding prior period, the company`s loss situation will improve as follows: Headline and basic loss per share have improved by between 80% and 100%. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. The company`s interim results for the six months ended 30 June 2009 are expected to be released on SENS on or about 11 September 2009. Renewal of cautionary announcement Shareholders are referred to the announcement, dated 1 July 2009, relating to a proposed rights offer and debt restructuring and are advised to continue to exercise caution when dealing in the company`s securities on the JSE until such time as an announcement, containing confirmation of the finalisation of the amendments to the existing loan agreements and the financial effects of the restructuring, is released. Sandton 7 September 2009 Lead Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 07/09/2009 17:13:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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