Arcay Group Limited - Announcement to Debenture Ho
Arcay Group Limited
Incorporated in the Republic of South Africa
(Registration number 1991/003944/06)
("Arcay Group" or "the company")
JSE Share Code: ARC ISIN Code: ZAE 000022406
Debenture Code: ARCD ISIN Code: ZAE 000022398
ANNOUNCEMENT TO DEBENTURE HOLDERS AND CAUTIONARY
Arcay Group debenture holders are advised that the trustee, in the execution of
directions given to it by the debenture holders at the general meeting held on
20 February 2002, instituted arbitration proceedings against Arcay Group in
order to enforce the provisions of the debenture trust deed as regards the
repayment of the full amount of the capital of the Arcay Group debentures at 249
cents per debenture, together with accrued interest. An award has been made that
the debentures, with all interest accrued thereon, have become immediately
repayable in terms of the debenture trust deed.
A further announcement will be published in due course giving the necessary
dates with respect to the repayment.
Pending the repayment of the Arcay Group debentures, debenture holders are
advised to exercise caution when dealing with their Arcay Group debentures.
Johannesburg
27 September 2002
Sponsor
KPMG
Date: 27/09/2002 08:57:00 AM Produced by the JSE SENS Department
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