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Alexander Forbes Limited - Company Press Release
Investment Solutions Holdings Limited
Please be advised that documentation was today posted to shareholders of
Alexander Forbes Limited and Investment Solutions Holdings Limited shareholders
relating to the proposed scheme in terms of which Alexander Forbes Limited will
acquire all the shares in Investment Solutions Holdings Limited.
The documentation provides full details of the proposed scheme further to the
initial announcement on 18 September 2002.
Details include a commitment by Graeme Kerrigan and Rael Gordon, the
Alexander Forbes CEO and Deputy CEO respectively, to reinvest part of their
proceeds under the scheme into Alexander Forbes shares.
Graeme Kerrigan has undertaken to acquire a further 1,200,000 Alexander
Forbes shares which, together with his existing Alexander Forbes shares and
options, will provide him with a gross equity interest in Alexander Forbes of
3,458,900 shares.
Rael Gordon has undertaken to acquire a further 600,000 Alexander Forbes
shares which, together with his existing Alexander Forbes shares and options,
will provide him with a gross equity interest in Alexander Forbes of 2,452,935
shares.
The attached statutory announcement provides salient dates relating to the
proposed scheme.
For further information, please contact:
Graeme Kerrigan
Group Chief Executive
Alexander Forbes Limited
Telephone +2711 2690636
Mobile: +27 (0) 833263560
Rael Gordon
Deputy Group Chief Executive
Alexander Forbes Limited
Telephone: +2711 2692699
Mobile: +44 781 0851056
Mike Ilsley
Group Finance Director
Alexander Forbes Limited
Telephone: +2711 2690153
Mobile: +27 (0) 832500127
Debbie Kotzen
Investor Relations
Alexander Forbes Limited
Telephone: +2711 2690024
Mobile: +27 (0) 834448290
Jennifer Cohen
Beachhead Media & Investor Relations
Telephone: +2711 2142400
Mobile: +27 (0) 824686469
Bruce Heatherington
Beachhead Media & Investor Relations
Telephone: +2721 4699000
Mobile: +27 (08) 824582199
Date: 07/11/2002 05:14:00 PM Produced by the JSE SENS Department
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