Alacrity - Further Cautionary Announcement
ALACRITY FINANCIAL SERVICES LIMITED
Registration number 1994/000078/06
Share code: ALY
ISIN code: ZAE000023966
("Alacrity" or "the Company")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 11 July 2003 shareholders are
advised that negotiations are still in progress ("the Negotiations") which, if
successfully concluded, may have a material effect on the price at which the
Company"s securities trade on the JSE Securities Exchange South Africa.
Shareholders are also referred to the cautionary announcement dated 27 June 2003
and are advised that Alacrity has been informed by a shareholder, Pamodzi
Ukuvikela Investments (Proprietary) Limited ("Pamodzi"), that Pamodzi has
entered into an agreement in terms of which it will, subject to the fulfilment
of certain suspensive conditions, acquire additional shares in Alacrity ("the
Pamodzi Transaction"). Should the Pamodzi Transaction become unconditional,
Pamodzi will be required to extend an offer to Alacrity"s shareholders in
accordance with the provisions of the Code on Takeovers and Mergers.
Shareholders are therefore advised to continue to exercise caution when dealing
in their Alacrity securities until a full announcement regarding the
Negotiations and the Pamodzi Transaction is made.
Johannesburg
29 August 2003
Corporate advisor and Sponsor
Quaestor Capital (Proprietary)
Limited
Date: 29/08/2003 05:00:29 PM Supplied by www.sharenet.co.za
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