CYCAD FINANCIAL HOLDINGS LIMITED
("Cycad")
REG NO 1998/08637/06
Cycad shareholder and option holders who were entitled to convert each option
held into one Cycad ordinary share on Friday, 30 March 2001 ("the conversion
date") at a price of R2.50 per share are advised that no options were converted
at the conversion date.
The options well thus be redeemed at their face value of one cent each and the
relevant payment made to option holders on the 6 April 2001. The 14 010 000
options will be delisted with effect from the close of business on Friday, 6
April 2001.
Ends
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