Insure - Offer To Minority Shareholders - Salient Dates 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: ZAE000033221
OFFER TO MINORITY SHAREHOLDERS - SALIENT DATES ANNOUNCEMENT
Following the announcement regarding the change in control of Insure in the
press and on SENS on 17 September 2002, shareholders are advised of the salient
dates pertaining to the offer of 6,5 cents per share to minority shareholders
below:
SALIENT DATES AND TIMES 2002
Minority offer opens at 10:00 on Friday, 25 October
Minority offer closes at 14:00 on Friday, 15 November
Last day for postal acceptances by Friday, 15 November
14:00 on
Consideration cheques posted to
certificated shareholders who have Friday, 22 November
surrendered their documents of title by
registered post on or before
Electronic payment of the consideration
to dematerialised shareholders who have
accepted the offer by entering into an Friday, 22 November
off market trade through their CSDP
will be made on
Results of offer announcement published
on SENS and in the press on or about Friday, 22 November
Shareholders are advised that the offer opened and the circular to shareholders
was posted on Friday, 25 October 2002.
In addition, shareholders are advised that, due to the fact that the offer price
per share is substantially below the market price of Insure and limited
acceptances of the offer are expected, the offer will be made outside of the JSE
Securities Exchange South Africa and the STRATE environment.
Shareholders who are holding their shares in dematerialised form through a CSDP
or broker and who wish to accept the offer must instruct their CSDP or broker to
deliver their shares to Insure via their CSDP (Computershare Investor Services
Limited) against payment of the offer price.
Johannesburg
28 October 2002
Corporate advisor and sponsor
ARCAY GROUP LIMITED
Date: 28/10/2002 05:07:00 PM Produced by the JSE SENS Department
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