| Wed 21 Nov 2001, 0:00 | | Arcay Group Ltd - Media Release |
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Media Release
21 November 2001
ARCAY GROUP OBTAINS JSE SPONSOR STATUS
Arcay Group, a comprehensive provider of financial services to owner-driven
businesses and entrepreneurs, today announced that it has been appointed a
Sponsor, in terms of the Listing Requirements of the JSE Securities Exchange
South Africa (JSE).
Arcay Group's range of corporate finance services has always included the
effective execution of, and provision of sound advice on, business
strategies, restructurings, deal formulation, the preparation of contracts
and documentation pertinent to corporate transactions and the management of
all necessary communications.
Kevin de Villiers, Chief Executive Officer of Arcay Group, stresses the
importance of this achievement for the Group: "We place great significance
on offering our client-partners a complete service. Clearly this includes,
as a vital element, direct dealings with the JSE on their behalf."
From January 2002 onward, the Group will offer listed companies a financial
services package that will allow them professionally to maintain their
listing on the JSE at the lowest possible direct cost and with minimum use
of valuable executive time. In exchange for a predetermined monthly rate,
Arcay Group will ensure (inter alia) that all routine statutory
announcements and documents are correctly produced, that proper
communications are maintained with investors and relevant authorities and
that company records are properly maintained.
"This new packaged service will allow executives of listed companies to
concentrate on running their businesses and enhancing shareholder wealth,
comfortable in the knowledge that the important background compliance work
is being taken care of," concludes de Villiers.
Arcay Group provides a comprehensive range of financial services to owner-
driven businesses and entrepreneurs in South Africa. The Group delivers
these services through six, closely co-ordinated, but independently managed,
business units: Arcay Corporate Finance, Arcay Private Financial Services,
Arcay Finance, Arcay Systems, Arcay Client Support and Arcay's
communications companies.
ends
Written and distributed by : Arcay Financial Communications
On behalf of : Arcay Group Limited
Further information : Jeandre Neveling
Tel : +27 11 480 8587
Fax : +27 11 480 8603
Cell : 082 877 3432
e-mail : nevej@arcay.co.za
