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VUNANI LIMITED - Trading Update

Release Date: 04/10/2017 14:20
Code(s): VUN     PDF:  
Wrap Text
Trading Update

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


TRADING UPDATE
In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, companies are required to publish
a trading statement as soon as they are satisfied that a reasonable degree of certainty exists that the
financial results for the period to be reported on next will differ by 20% or more from the financial
results for the previous corresponding period.

Shareholders are advised that Vunani is in the process of finalising its results for the six months ended
31 August 2017 and anticipates that it will report basic earnings per share of between 7.2 cents and 9.8
cents (6 months to August 2016: 13.4 cents basic earnings per share), which represents an expected
decrease of between 46.3% and 26.9%.

Vunani anticipates that it will report headline earning per share of between 6.7 cents and 9.0 cents (6
months to August 2016: 11.5 cents headline earnings per share), which represents an expected decrease
of between 41.7% and 21.7%.

The decrease in earnings per share and headline earnings per share is attributable to the increase in the
weighted average number of shares in issue of 156.0 million (2016: 109.0 million).

The financial information on which this trading update is based has not been reviewed or reported on by
the company`s auditors. The company`s results for the six months ended 31 August 2017 will be
published on SENS on the 12th of October 2017.


Sandton
4 October 2017
Designated Adviser
Grindrod Bank Limited

Date: 04/10/2017 02:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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