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VUN - Vunani Limited - Dealings in securities by directors and directors of

Release Date: 01/07/2011 09:04
Code(s): VUN
Wrap Text

VUN - Vunani Limited - Dealings in securities by directors and directors of major subsidiaries VUNANI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/020641/06) JSE code: VUN ISIN: ZAE000110359 ("Vunani" or "the company") DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES In compliance with paragraphs 3.63 to 3.64 of the Listings Requirements of JSE Limited ("Listings Requirements"), the following dealings took place by directors and directors of major subsidiaries of Vunani: Name of director: Aphrodite Judin (Executive director) Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme
Nature of interest: Direct Number of ordinary shares: 8 500 000 Price: 6 cents Value of transaction: R510 000 Name of director: Azola Zuma Position: Director of Vunani Fund Managers Pty Ltd Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 4 875 000 Price: 6 cents Value of transaction: R292 500 Name of director: Butana Khoza (Executive director) Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 10 291 667 Price: 6 cents Value of transaction: R617 500 Name of director: Ethan Dube (executive director) Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 15 275 000 Price: 6 cents Value of transaction: R916 500 Name of director: Evelyn Chimombe- Munyoro (executive director)
Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 7 475 000 Price: 6 cents Value of transaction: R448 500 Name of director: Guy Frawley Position: Director of Vunani Properties Pty Ltd Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme
Nature of interest: Direct Number of ordinary shares: 8 450 000 Price: 6 cents Value of transaction: R507 000 Name of director: Johan Rossouw Position: Director of Vunani Securities Pty Ltd Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 7 219 151 Price: 6 cents Value of transaction: R433 149 Name of director: Mark Anderson Position: Director of the Company Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 9 750 000 Price: 6 cents Value of transaction: R585 000 Name of director: Pieter Mackenzie Position: Director of Vunani Properties Pty Ltd Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme Nature of interest: Direct Number of ordinary shares: 7 000 000 Price: 6 cents Value of transaction: R420 000 Name of director: Rob Kane Position: Director of Vunani Properties Pty Ltd Date of original award: 29 June 2011 Type of transaction: Acceptance of the offer of shares in terms of the Vunani Share Incentive scheme
Nature of interest: Direct Number of ordinary shares: 6 000 000 Price: 6 cents Value of transaction: R360 000 Clearance was obtained in terms of paragraph 3.66 of the Listings Requirements and dealing is off-market. In terms of the Vunani Share Incentive scheme, once the shares are paid for, participants will be entitled to the release thereof after expiry of a period of: * 1 year after the Acceptance Date, in respect of 20& of the shares or part thereof; * 2 years after the Acceptance Date, in respect of a further 25% of the shares or part thereof; * 3 years after the Acceptance Date, in respect of a further 25% of the shares or part thereof; * 4 years after the Acceptance Date, in respect of a further 30% of the shares, or the balance thereof. Sandton 1 July 2011 Independent Designated Adviser Grindrod Bank Limited Joint Designated Adviser Vunani Corporate Finance Date: 01/07/2011 09:04:41 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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