Arcay Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/003944/06)
Share code: ARC ISIN code: ZAE000022406
Debenture code: ARCD ISIN code: ZAE000022398
("Arcay" or "the Company" or "Arcay Group")
RESULTS OF THE EARLY REDEMPTION AND SCRIP OFFER
Arcay Group shareholders and debentureholders are advised that 1 007 334
debentures were surrendered in terms of the early redemption offer, as set
out in the circular to debentureholders dated 02 November 2002 ("the
circular"), the final acceptance date being 20 March 2002. The delisting of
these debentures on the Johannesburg Securities Exchange will take place on
Thursday, 18 April 2002.
The Arcay Group Limited Employee Share Trust ("the Trust") acquired 2 011
ordinary shares in terms of the scrip offer, as set out in the circular, at
30 cents per share. The final acceptance date for this offer was 20 March
2002.
Payment of the offer considerations and transfer of the ordinary shares to
the Trust was made on 03 April 2002.
SETTLEMENT NEGOTIATIONS
Further to the announcement on the Stock Exchange News Service, dated 28
March 2002, no settlement has as yet been reached between the Company and
the trustee. If any settlement is reached between the Company and the
trustee an announcement will follow.
By order of the Board
Arcay Client Support (Pty) Ltd
(Reg No 1998/025284/07)
Company Secretary
Parktown
12 April 2002
Sponsor
KPMG
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