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VUN - Vunani Limited - Updated trading statement

Release Date: 28/03/2011 08:21
Code(s): VUN
Wrap Text

VUN - Vunani Limited - Updated trading statement VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company") UPDATED TRADING STATEMENT Vunani shareholders are referred to the Trading Update published by the company on 16 March 2011 wherein they were informed that Vunani expected an improvement of at least 20% in both its basic and headline loss per share reported for the previous comparable period. Shareholders are advised that Vunani is in the process of finalising its results for the year ended 31 December 2010 and anticipates that it will report a basic loss per share of between 2.1 cents and 4.8 cents (2009: 13,2 cents basic loss per share) and a headline loss per share of between 3.4 cents and 5.6 cents (2009: 11.0 cents headline loss per share). The financial information on which this updated trading statement is based has not been reviewed or reported on by the company`s auditors. The company`s results for the year ended 31 December 2010 are expected to be published on SENS before the end of March 2011. Sandton 28 March 2011 Independent Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 28/03/2011 08:21:01 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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