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Johannesburg - Financial services company Vunani (VUN) said on Friday it has resolved that a recapitalisation will be effected via a claw-back offer to shareholders at 10 cents per share.
Vunani had already advised its shareholders that its ability to continue as a going concern was dependent on the restructuring of its debt.
Vunani and its lenders entered into a heads of agreement on 30 June 2009, to restructure Vunani's existing debt and recapitalise Vunani to ensure its continued sustainability and that of its subsidiaries.
- I-Net Bridge
