VUN - Vunani Limited - Cautionary announcement
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
("Vunani" or "the company")
Shareholders are advised that the board and shareholders of the Vunani Property
Investment Fund (Pty) Ltd. ("VPIF") have passed a resolution, inter alia,
authorising VPIF to list on the main board of the JSE. VPIF is 50,2% owned by
Vunani Properties (Pty) Ltd., which is in turn owned 78% by Vunani Limited. The
rationale for the listing is primarily to enable VPIF to raise fresh capital
from institutional and private investors.
The board of VPIF has commenced work on preparing the company for listing and
obtaining the relevant regulatory approvals required. Details of the private
placement of VPIF linked units, timing of the listing of VPIF and its financial
effects on Vunani shall be provided as and when this becomes available.
Accordingly, shareholders are advised to exercise caution when dealing in the
company`s securities until a further announcement is made.
8 April 2011
Independent Designated Adviser
Grindrod Bank Limited
Joint Designated Adviser
Vunani Corporate Finance
Date: 08/04/2011 14:38:01 Supplied by www.sharenet.co.za
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