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VIF - Vividend Income Fund Limited - Renewal of cautionary announcement and

Release Date: 05/01/2012 08:50
Code(s): VIF
Wrap Text

VIF - Vividend Income Fund Limited - Renewal of cautionary announcement and update to Union Street acquisition Vividend Income Fund Limited Previously known as Business Venture Investments no 1381 (Proprietary) Limited (Incorporated in the Republic Of South Africa under registration number 2010/003232/06) JSE CODE: VIF ISIN: ZAE000150918 ("Vividend" or "The Company") Renewal of cautionary announcement and update to union street acquisition Linked unitholders are referred to 1) the renewal of cautionary announcement relating to the Vusani acquisition dated 21 November 2011 2) the update announcement relating to the Vusani acquisition dated 23 November 2011. The Vusani acquisition, if successfully concluded, may have a material effect on the price of the company`s securities, accordingly linked unitholders are hereby advised to continue to exercise caution when dealing in their Vividend Linked Units. Vividend will provide linked unitholders with full particulars of the Vusani acquisition, and related circular, on or about 27 January 2012, it being noted that the due diligence investigation performed by the company on the Vusani portfolio was successfully concluded on 28 December 2011 Vividend linked unitholders are further referred to the SENS announcement, dated 3 November 2011, in respect of the union street acquisition. Linked unitholders are hereby advised that the condition precedent relating to the due diligence investigation has not been fulfilled. Accordingly the union street acquisition is of no further force or effect on the company. The Union Street Property will therefore not be acquired by Vividend. 5 January 2012 Cape town Sponsor PSG Capital Date: 05/01/2012 08:50:10 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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