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VUN
VUN
VUN - Vunani Limited - Results of the renounceable claw-back offer and increase
in directors interests
VUNANI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020641/06)
JSE code: VUN
ISIN: ZAE000110359
("Vunani")
RESULTS OF THE RENOUNCEABLE CLAW-BACK OFFER AND INCREASE IN DIRECTORS` INTERESTS
Shareholders are referred to the announcements released on the Securities
Exchange News Service of the JSE Limited ("JSE") on Monday, 14 December 2009
and Friday, 29 January 2010 relating to the renounceable rights offer of
3 136 000 000 ordinary shares at a subscription price of 10 cents per share
("the claw-back offer"); the results of the claw-back offer are as follows:
Number of Percentage of claw-back
shares offer shares
Claw-back offer shares 3 136 000 000 100.00%
available for subscription:
Claw-back offer shares 7 078 537 0.23%
subscribed for
Excess claw-back offer shares 56 786 0.00%
subscribed for
Subscriber`s claw-back offer 3 128 864 677 99.77%
shares
The safe custody accounts of dematerialised shareholders have been credited with
the new Vunani shares.
Pursuant to that claw-back offer, the directors` indirect beneficial interests
in Vunani have increased as follows:
Directors:
Name of shareholder Number of Increase in Balance
shares after shareholding as at
the transfer of a result of the 8 March 2010
shares to C Subscription (indirect
Nissen (refer Agreement beneficial
announcement holding)
dated 26
February 2010)
EG Dube and associates 274 048 219 1 397 190 554 1 671 238 773
BM Khoza and 171 233 670 873 403 152 1 044 636 822
associates
NM Anderson and
associates 171 233 670 873 403 152 1 044 636 822
Sandton
8 March 2010
Independent Financial Adviser to Vunani
Rand Merchant Bank
(A division of FirstRand Bank Limited)
Independent Lead Designated Adviser
Grindrod Bank Limited
Corporate Adviser and Joint Designated Adviser
Vunani Corporate Finance
Legal adviser to the restructuring
Edward Nathan Sonnenbergs
Legal adviser to the claw-back offer
Fluxmans Inc.
Date: 08/03/2010 17:34:02 Produced by the JSE SENS Department.
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