LYONS FINANCIAL SOLUTIONS HOLDINGS LIMITED - DEALINGS IN LYONS SHARES
Lyons Financial Solutions Holdings Limited(Incorporated in the Republic of South
Africa)(Registration number 1997/022117/06)("Lyons" or "the company")Share code:
LYS ISIN: ZAE000024709
Dealings in Lyons shares
Lyons shareholders are referred to the announcements published in the press on
Tuesday, 19 August 2003 and Tuesday, 5 August 2003 relating to an offer by
Icarus Nominees (Proprietary) Limited (trading as Icarus Investment Corporation)
("Icarus") to the minority shareholders of Lyons in terms of Section 440 of the
Companies Act, 1973 (Act 61 of 1973) to acquire the balance of the issued
shares (cum any distributions) in Lyons that it does not already own at a price
of 5 cents per Lyons share ("the offer"), subject to the requisite approvals by
the applicable regulatory authorities being received, including but not limited
to the JSE Securities Exchange South Africa ("JSE"), the Securities Regulation
Panel ("SRP") and the Competition Commission.
In compliance with Rule 3.63 of the Listings Requirements of the JSE and rule
7.1 of the Securities Regulation Code and Rules of the SRP, Lyons shareholders
are hereby advised of the following director"s dealings in Lyons shares:
Director R J Mortimer
Number of securities 27 823 676 ordinary shares
Nature of interest Direct beneficial
Nature of transaction Sale
Date Friday, 29 August 2003
Price (cents per share) 5
Director R J Mortimer
Number of securities 27 823 500 ordinary shares
Nature of interest Direct beneficial
Nature of transaction Sale
Date Friday, 29 August 2003
Price (cents per share) 4
Director R J Mortimer
Number of securities 8 296 884 ordinary shares
Nature of interest Direct beneficial
Nature of transaction Sale
Date Friday, 29 August 2003
Price (cents per share) 4
Lyons shareholders are further advised that Icarus, in anticipation of the
offer, acquired the 27 823 676 and 27 823 500 Lyons shares disposed of by R J
Mortimer as disclosed above.
Sandton
3 September 2003
Corporate adviser to Icarus Sponsor to Lyons
Investec Bank Kimited Deloitte & Touche Sponsor
Corporate Finance Services (Pty) Ltd
Date: 03/09/2003 12:31:05 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
