Investment Solutions Holdings Limited
Reg No 1997/022540/06
SHARE TRANSACTIONS
To improve the liquidity in the trade of Investment Solutions Holdings
Limited ("Investment Solutions") shares and to assist Investment Solutions
to meet the JSE Securities Exchange South Africa's revised listing
requirement of a minimum of 20% public shareholders by 31 December 2001,
Alexander Forbes Limited ("Alexander Forbes") has reached agreement with the
original minority shareholders of Investment Solutions ("the minorities") to
make a proportion of their holdings available to the market.
Alexander Forbes, which holds 58,5% of Investment Solutions shares and had a
pre-emptive right over these shares, exercised its pre-emptive rights over
3,5 million of the shares made available by the minorities, at a price of
R5.00 per share. This increases Alexander Forbes' long term holding in
Investment Solutions to 59,8%.
In terms of the transaction certain directors of Investment Solutions have
sold shares. The details are:
Director : G W Kerrigan
Date : 8 June 2001
No. of shares : 2 250 000
Class : Ordinary shares
Price : R 5.00
Nature : Sale
Extent of interest : Indirect, non-beneficial
Director : L D Lewis
Date : 8 June 2001
No. of shares : 2 250 000
Class : Ordinary shares
Price : R 5.00
Nature : Sale
Extent of interest : Indirect, non-beneficial
Director : R I Gordon
Date : 8 June 2001
No. of shares : 1 500 000
Class : Ordinary shares
Price : R 5.00
Nature : Sale
Extent of interest : Indirect, non-beneficial
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