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VUNANI LIMITED - Dealings in securities by directors and directors of major subsidiaries

Release Date: 31/08/2018 15:15
Code(s): VUN     PDF:  
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Dealings in securities by directors and directors of major subsidiaries

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

DEALINGS IN SECURITIES BY DIRECTORS AND DIRECTORS OF MAJOR SUBSIDIARIES

In compliance with paragraphs 3.63 to 3.64 of the Listings Requirements of JSE
Limited ("Listings Requirements"), the following dealings took place by directors
and directors of major subsidiaries of Vunani in terms of the Vunani Share Incentive
Scheme (“VSIS”). The directors were initially awarded shares up to 2012. In terms
of the VSIS the shares were issued on loan account. The shares have vested on 30
August 2018 and to repay the debt, the directors were required to sell a portion of
their shares to settle the debt and tax obligations. In order for the directors to
fulfil these obligations the following disposals have occurred:


Name of director:               Butana Khoza (Executive director)
Number of ordinary shares
vested:                         461 429
Date of transaction:            30 August 2018
Type of transaction:            Disposal of shares in terms
                                of the VSIS
Nature of interest:             Direct
Number of ordinary shares sold: 384 389
Price per share:                250 cents
Value of transaction:           R960 972.50


Name of director:               Ethan Dube (executive director)
Number of ordinary shares
vested:                         683 495
Date of transaction:            30 August 2018
Type of transaction:            Disposal of shares in terms
                                of the VSIS
Nature of interest:             Direct
Number of ordinary shares sold: 570 042
Price:                          250 cents
Value of transaction:           R1 425 105.00


Name of director:               Tafadzwa Mika (executive director)
Number of ordinary shares
vested:                         129 903
Date of transaction:            30 August 2018
Type of transaction:            Disposal of shares in terms of the VSIS
Nature of interest:             Direct
Number of ordinary shares:      108 341
Price:                          250 cents
Value of transaction:           R270 852.50


Name of director:               Mark Anderson (executive director)
Number of ordinary shares
vested:                         449 207
Date of transaction:            30 August 2018
Type of transaction:            Disposal of shares in terms of the VSIS
Nature of interest:             Direct
Number of ordinary shares sold: 374 646
Price:                          250 cents
Value of transaction:           R936 615.00

Name of director:               Johan Rossouw
Position:                       Director of Vunani Securities Pty Ltd
                                (major subsidiary)
Number of ordinary shares
vested:                         268 996
Date of transaction:            30 August 2018
Type of transaction:            Disposal of shares in terms of the VSIS
Nature of interest:             Direct
Number of ordinary shares:      224 347
Price:                          250 cents
Value of transaction:           R560 767.50


The above transactions took place off market.

Clearance was obtained in terms of paragraph 3.66 of the Listings
Requirements.


Sandton
31 August 2018

Designated Adviser
Grindrod Bank Limited

Date: 31/08/2018 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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