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Disposal of Linked Units in Vunani Property Investment Fund Limited (“VPIF”)
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani”)
DISPOSAL OF LINKED UNITS IN VUNANI PROPERTY INVESTMENT FUND
LIMITED (“VPIF”)
Shareholders are referred to the circular, dated 16 November
2012, regarding their approval for the disposal by Vunani’s
subsidiary, Vunani Properties Proprietary Limited (“VP”), of a
maximum of 6 238 415 VPIF linked units (“the circular”) and to
the SENS announcement released on 14 December 2012, advising
that the resolutions set out in the notice of general meeting
contained in the circular had been approved at the general
meeting by the requisite majority. Vunani shareholders are
advised that VP has successfully disposed of 4 865 965 VPIF
linked units at a price of 846.00 cents per unit for a total
consideration of R41 166 063.90.
The cash proceeds from the sale of these units, together with
the remaining units, will be distributed to VP’s shareholders
as a dividend in specie (“the distribution”). Vunani will
apply the cash received from the distribution to the
settlement of debt.
18 December 2012
Sandton
Corporate Adviser
Vunani Corporate Finance
Designated Advisor
Grindrod Bank Limited
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