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Results of capitalization share issue award and cash dividend alternative
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000163382
("Vunani" or "the company")
RESULTS OF CAPITALISATION SHARE ISSUE AWARD AND CASH DIVIDEND ALTERNATIVE
Shareholders are referred to the company’s announcements released on the Stock Exchange News
Service (“SENS”) dated 1 August 2016 and 25 August 2016, relating to the declaration of a fully paid
capitalisation share issue award for the 14 months ended 29 February 2016, by way of the issue of
fully paid Vunani ordinary shares in the ratio of 4 ordinary shares of no par value for every 100 ordinary
shares of no par value held, to ordinary shareholders recorded in the Vunani register on the record
date, being Friday, 26 August 2016 (“capitalisation share issue award”).
As an alternative, ordinary shareholders was entitled to elect to receive a gross cash dividend of 6
cents per share in respect of all or part of their shareholdings, which will be paid to those shareholders
who elect to receive the cash dividend, on the record date, Friday 26 August 2016 (“cash dividend
alternative”).
Ordinary shareholders representing 7.31% (or 8 379 606) of ordinary shares elected to receive the
cash dividend, resulting in a total dividend paid of R502 776.36 with the balance of ordinary
shareholders receiving the capitalisation share issue award, for which 4 251 396 ordinary shares are
to be issued, being approximately 3.71% of the current issued ordinary share capital of the Company.
The maximum number of 4 586 679 ordinary shares were listed on Wednesday, 24 August 2016, and
accordingly 335 283 ordinary shares will be delisted in due course.
The electronic funds transfers, CSDP or broker accounts have been credited/ updated today, 2016.
29 August 2016
Designated Adviser
Grindrod Bank Limited
Date: 29/08/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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