INSURANCE OUTSOURCING
(Formerly Auto Space Age Systems Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013121/06)
("Insure" or "the company")
SHARE CODE: INS
ISIN CODE: ZAE000026662
RESULTS OF ANNUAL AND SPECIAL GENERAL MEETINGS AND FURTHER CAUTIONARY
ANNOUNCEMENT
Shareholders are advised that at the annual and special general meetings
held on Thursday, 30 August 2001 the ordinary and special resolutions to
give effect to, inter alia, the consolidation of the authorised and issued
ordinary shares of Insure on the basis of 1 share for every 10 shares held,
the adoption of new articles of association and the adoption of an employee
share incentive scheme were approved unanimously. The special resolutions
have been lodged for registration with the Registrar of Companies.
Shareholders are reminded that the listing of the consolidated shares is
from the commencement of trading on Monday, 10 September 2001 and the issue
date of certificates or statements reflecting the consolidation is Monday,
17 September 2001.
Shareholders are further advised that the company is still in negotiations
that could affect the price of the company's securities. Accordingly,
shareholders are advised to continue exercising caution when dealing in
their shares.
Corporate advisers
Radagast Capital (Proprietary) Limited
Fusion Capital (Proprietary) Limited
Sponsoring brokers
LPC Manhattan
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