INSURANCE OUTSOURCING MANAGERS HOLDINGS LIMITED - RESULTS OF OFFER TO MINORITY
SHAREHOLDERS OF INSURE
Insurance Outsourcing Managers Holdings Limited
(Registration number 1998/013121/06)
("Insure" or "the company")
JSE Code: INS ISIN Code: ZAE 000033221
RESULTS OF OFFER TO MINORITY SHAREHOLDERS OF INSURE
The board of directors announces that the offer to minority shareholders holding
43 193 894 shares in Insure closed on Friday, 15 November 2002.
The results of the offer are set out below:
Number of shareholders accepting the offer 4
Number of shares accepting the cash offer of 6,5 627
cents per share 516
Percentage of minority shares 1,45%
The shareholding of the controlling shareholder, the management consortium, has
increased from 61 103 000 ordinary shares (55%) in Insure as detailed in the
circular to shareholders dated 25 October 2002 to 61 730 516 ordinary shares
(55,6%) in Insure as at 22 November 2002.
Johannesburg
18 November 2002
Corporate advisor and
sponsor
Arcay Group Limited
Date: 18/11/2002 10:43:02 AM Produced by the JSE SENS Department
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