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VUNANI LIMITED - Update to shareholders regarding the acquisition of Fairheads by a subsidiary of Vunani

Release Date: 04/05/2015 15:42
Code(s): VUN     PDF:  
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Update to shareholders regarding the acquisition of Fairheads by a subsidiary of Vunani

VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
(“Vunani” or “the Company”)

Update to shareholders regarding the acquisition of Fairheads by a
subsidiary of Vunani

Shareholders are referred to the announcements released on SENS on
12   March  2015,26    March   2015   and    30  April    2015   (“SENS
Announcements”)    relating   to   the    acquisition   by    Mandlalux
Proprietary Limited (“the Purchaser”), a subsidiary of Vunani, of
100% of the shares of Fairheads International Holdings (SA)
Proprietary    Limited    (“Fairheads”)    for   a    total    purchase
consideration of R210 million (“Purchase Consideration”) (“the
Transaction”).

Shareholders  are advised that  the Transaction  has become
unconditional as all the conditions precedent have now been
fulfilled.

Sandton
4 May 2015

Corporate Adviser
Vunani Corporate Finance

Designated Adviser
Grindrod Bank Limited

Date: 04/05/2015 03:42:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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