INSURE - Cautionary Announcement
INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013121/06)
("INSURE" or "the company")
JSE Code: INS ISIN Code: ZAE 000033221
CAUTIONARY ANNOUNCEMENT REGARDING CHANGE IN CONTROL AND OFFER TO
MINORITY SHAREHOLDERS
Shareholders are advised that, following negotiations by the executive
management of Insure with the controlling shareholder, there has been a
change in control of Insure at an effective price of 6,5 cents per
share. Due to the fact that the change in control has been effected at
substantially below the market price of Insure an offer to minority
shareholders of Insure is to be made outside of the STRATE environment,
subject to the approval of the Securities Regulation Panel and the JSE
Securities Exchange South Africa. A more detailed announcement,
containing salient dates, will be made in due course.
Accordingly shareholders are advised to exercise caution when dealing in
their securities until a further announcement is made.
Corporate adviser and sponsor
Arcay Group Limited
Date: 17/09/2002 02:59:00 PM Produced by the JSE SENS Department
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