Lyons - Update On Offer To Lyons And Further Cauti
Lyons - Update On Offer To Lyons And Further Cautionary Announcement
Release Date: 05/08/2003 17:39:01 Code(s): LYS
Lyons - Update on offer to Lyons and further cautionary announcement
Lyons Financial Solutions Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/022117/06)
("Lyons")
Share code: LYS ISIN: ZAE000024709
Update on offer to Lyons and further cautionary announcement
Further to the announcement published on SENS on 4 August 2003 and in the press
on 5 August 2003, regarding the offer by Icarus Nominees (Proprietary) Limited
(trading as Icarus Investment Corporation) dated 1 August 2003 to purchase the
shares and claims in the underlying subsidiaries of Lyons and the shareholding
and claims of The Lyons Corporate Lease Fund Limited held by Lyons and The
Rainmaker"s Trust (45% and 35% respectively thereof), shareholders are advised
that the board of directors of Lyons has accepted the offer, subject to the
conditions precedent as set out in that announcement, which include the
conclusion of a comprehensive agreement and the obtaining of the requisite
regulatory and shareholder approvals.
Shareholders are advised to continue to exercise caution when dealing in their
Lyons shares until a further announcement is made.
Sandton
5 August 2003
Sponsor Corporate Law Advisers and
Deloitte & Touche Sponsor Services (Pty) Ltd Consultants to Lyons
(Registration number 1996/000034/07) Edward Nathan & Friedland
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
