Arcay Group/RPF - Announcement
Arcay Group Limited Real People Finance Limited
Incorporated in the Republic of (Formerly Money Wise Holdings
South Africa Limited)
(Registration number (Registration number 1997/020159/06)
1991/003944/06) ("RPF")
("Arcay Group" or "the company") JSE Code: RPF
JSE Code: ARC ISIN Code: ZAE 000030821
ISIN Code: ZAE 000022406
RENEWAL OF ARCAY CAUTIONARY ANNOUNCEMENT AND NEW CAUTIONARY ANNOUNCEMENT,
PROFIT WARNING FOR ARCAY AND WITHDRAWAL OF CAUTIONARY FOR RPF
Renewal of Arcay Group cautionary announcement and new cautionary
announcement
Following the announcement dated 26 March 2002, Arcay Group advises that it
is still in negotiations to merge its interests with those of Real People
Group (Proprietary) Limited. Due to, inter alia, the decision to include
financial effects for the year ended 31 March 2002 as opposed to the six
months ended 30 September 2001, the circular to shareholders has been
delayed. A further announcement, to be published in due course, will
include restated financial effects for the year ended 31 March 2002.
In addition, Arcay Group is considering a group restructure or a restructure
of its share capital, pending advice from its advisors.
As a result of the above, shareholders of Arcay Group are advised to
exercise caution when dealing in their securities, until a further
announcement is made.
Profit warning
Arcay Group wishes to inform shareholders that it expects that the losses in
the first half of Financial Year 2002 will be repeated in the second half.
As a result, losses for the year will be substantial and the improved profit
performance originally anticipated will not occur. However, shareholders
are referred to the renewal of the cautionary announcement above.
Withdrawal of RPF cautionary announcement
An application is being made to the Johannesburg Securities Exchange SA for
the delisting of RPF and an offer will be made to minority shareholders in
RPF at approximately 20 cents per share, to be settled in cash and shares in
Arcay Group. An announcement of salient dates will be published in due
course and a circular to RPF shareholders will be distributed within 28 days
of this announcement.
Johannesburg
13 May 2002
Sponsor to Arcay Group Limited Joint sponsor to Real People Finance
Limited
KPMG Arcay Group Limited
Date: 14/05/2002 08:57:00 AM Produced by the SENS Department
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