Arcay Group Limited - Specific Repurchase Of Share
Arcay Group Limited
(Registration number 1991/003944/06)
("Arcay Group" or "the Group")
JSE Code: ARC ISIN Code: ZAE000022406
SPECIFIC REPURCHASE OF SHARES AND DELISTING OF ARCAY GROUP
The board of directors is authorised to announce that the offer to repurchase
shares from minority shareholders of Arcay Group at 30 cents per share ("the
offer") closed on Friday, 07 February 2003.
The results of the offer do not include acceptances by Arcay Investments
(Proprietary) Limited, Arcay Management (Proprietary) Limited, KR Investment
Holdings (Proprietary) Limited, Real People Group (Proprietary) Limited and
other minority shareholders who indicated in the circular to shareholders, dated
20 December 2002, that they would not be accepting the offer. The offer shares
amount to 14 814 633.
The results of the offer, not taking into account the holdings of the parties
named above, are set out below:
Number of offer shares accepted 9 476 082
Percentage of offer shares accepted 63,96%
The delisting of the Group was approved at a general meeting of shareholders on
14 January 2003. The termination of the listing of Arcay Group is effective
from the commencement of business on Tuesday, 11 February 2003. Shareholders
who have not accepted the offer will remain shareholders in the unlisted
company.
Johannesburg
10 February 2003
Corporate advisor and joint sponsor Lead sponsor to transaction and
independent advisor to minorities
Arcay Group Limited Sasfin Bank Limited
Date: 10/02/2003 02:40:00 PM Produced by the JSE SENS Department
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