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VUNANI LIMITED - Fulfilment of Condition Precedent regarding the acquisition in Metropolitan Life Swaziland Limited

Release Date: 02/12/2019 15:15
Code(s): VUN     PDF:  
 
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Fulfilment  of Condition Precedent regarding the acquisition in Metropolitan Life Swaziland Limited

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

FULFILMENT OF CONDITIONS PRECEDENT REGARDING THE ACQUISITION OF A MAJORITY
SHAREHOLDING IN METROPOLITAN LIFE SWAZILAND LIMITED

Shareholders are referred to the announcement (“Terms Announcement”) released by Vunani on
SENS on 26 February 2019 regarding the acquisition of 67% of the shares of MetLife
Swaziland from Metropolitan International Holdings Proprietary Limited and using the
definitions therein, are advised that all conditions precedent have been met and that the
Transaction has become effective.

The Purchase Consideration, as set out in the Terms Announcement, has been paid to
Metropolitan International Holdings Proprietary Limited.


Sandton
2 December 2019

Corporate Adviser to Vunani
Vunani Corporate Finance

Sponsor to Vunani
Grindrod Bank Limited

Corporate Adviser to Momentum Metropolitan Holdings Limited
Deloitte Capital (Pty) Ltd

Date: 02-12-2019 03:15:00
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