MONEY WISE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/020159/06)
("Money wise" or "the Company")
Announcement concerning:
* A change of name; and
* A consolidation of shares
CHANGE OF NAME
The board of directors of Money Wise wishes to announce its intention to change
the name of the company to Real People Finance Limited. The change is intended
to accurately reflect the nature of the company's business and its new
ownership structure. This change of name is subject to both shareholder and JSE
Securities Exchange South Africa approvals.
Real People Finance Limited provides a broad range of financial services to its
target market. The company makes extensive use of advanced technology
(including "real time" transacting over the internet) to extend its reach into
rural areas, and greatly improve its quality of service and the affordability
of its products.
CONSOLIDATION OF SHARES
The issued share capital of Money Wise consists of 705 783 680 ordinary shares
of 0,01 cent each. Subsequent to the proposed acquisition of Pivot Consolidated
(Proprietary) Limited, the issued share capital will be 1 280 808 680 shares of
0,01 cent each.
To reduce the number of issued shares to a more reasonable number, and to
assist in more accurate pricing of the share, the directors propose a
consolidation of the shares on a 5-to-1 basis.
DOCUMENTATION
Further to the announcement of 13 March 2001, it is anticipated that the
circular to shareholders will, subject to normal regulatory approval, be posted
within the next 21 days.
Knysna
5 April 2001
Corporate adviser
Arcay Group Limited
Registration number 1991/003944/06
Investor relations
Arcay Financial Communications
Registration number 1998/024383/07
Sponsor
KPMG
Registered Chartered Accountants (SA)
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