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VUN - Vunani Limited - Trading update

Release Date: 16/03/2011 17:38
Code(s): VUN
Wrap Text

VUN - Vunani Limited - Trading update VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company") TRADING UPDATE In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next will differ by 20% or more from the financial results for the previous corresponding period. Shareholders are advised that Vunani expects, for the year ended 31 December 2010, an improvement in both its basic and headline loss per share of at least 20% as compared to the results for the year ended 31 December 2009 (13,2 cents basic loss per share and 11.0 cents headline loss per share). At this stage, the company is unable to quantify, with the degree of certainty required for a more accurate update, the expected basic and headline loss per share. A revised trading update will be published containing such detail as soon as possible. The financial information on which this trading update is based has not been reviewed or reported on by the company`s auditors. Sandton 16 March 2011 Independent Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 16/03/2011 17:38:00 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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