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VUN - Vunani Limited - Results of the general meeting

Release Date: 14/12/2009 17:18
Code(s): VUN
Wrap Text

VUN - Vunani Limited - Results of the general meeting VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the Company") RESULTS OF THE GENERAL MEETING Further to the SENS announcement dated 27 November 2009 and the circular to Vunani shareholders dated 27 November 2009, shareholders are advised that, at the General Meeting of shareholders held on 14 December 2009, the resolution to waive, as provided for in Rule 8.7 of the Securities Regulation Code on Takeovers and Mergers ("the Code") and the Rules of the Securities Regulation Panel ("SRP"), any obligation by the Offerors (as defined therein) to make a mandatory offer in terms of Rule 8.1, 8.2 and 6.3 of the Code, was duly approved by the requisite majority. As no objections to the waiver were lodged with either the Company or the SRP, the SRP has waived the requirement for a mandatory offer as provided for in Rule 8.7 of the Code. Sandton 14 December 2009 Independent Financial Adviser to Vunani Rand Merchant Bank (A division of FirstRand Bank Limited) Independent Lead Designated Adviser Grindrod Bank Limited Corporate Adviser and Joint Designated Adviser Vunani Corporate Finance Legal adviser to the restructuring Edward Nathan Sonnenbergs Legal adviser to the claw-back offer Fluxmans Inc. Date: 14/12/2009 17:18:01 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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