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VUNANI LIMITED - Results announcment relating to the Odd-Lot Offer and Specific Offer

Release Date: 26/11/2018 09:20
Code(s): VUN     PDF:  
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Results announcment relating to the Odd-Lot Offer and Specific Offer

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


RESULTS ANNOUNCEMENT RELATING TO THE ODD-LOT OFFER AND SPECIFIC
OFFER


Shareholders are referred to the circular dated 21 September 2018 and the SENS
announcements dated 8 November 2018, 23 October 2018 and 21 September 2018 and
using the definitions contained therein, are hereby advised that the Odd-lot Offer
and the Specific Offer both closed at 12:00 on Friday, 23 November 2018 with the
results of such offers set out below.

Results of the Odd-Lot Offer

 Number of         Number of     *Number of shares   Total number of shares
 Shares retained   Shares sold   expropriated by     repurchased by the Company
 by election       by election   the Company         pursuant to the Odd-lot Offer
 659               635           1 584               2 219


*Odd-lot Holders who did not make an election were automatically regarded as having
chosen to sell their Odd-lot Holdings.


Results of the Specific Offer

Shareholders holding 7 326 Shares elected to sell their Shares to the Company
pursuant to the Specific Offer.


Effect on share capital

The total number of Shares repurchased by the Company in terms of the Odd-lot Offer
and the Specific Offer amounted to 9 545 shares with such repurchased Shares
representing 0.006% of the current total number of Shares in issue.

Cancellation of shares

The shares acquired by the Company in terms of the Odd-lot Offer and the Specific
Offer will be cancelled and accordingly the number of ordinary shares in issue will
decrease by 9 545 ordinary shares to 161 155 915 ordinary shares.

Sandton
26 November 2018

Corporate Adviser
Vunani Corporate Finance

Designated Adviser
Grindrod Bank Limited

Date: 26/11/2018 09:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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