Lyons - INFORMATION ANNOUNCEMENT 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
INFORMATION ANNOUNCEMENT AND FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the press announcement on Tuesday, 19 August 2003
whereby Icarus Nominees (Proprietary) Limited ("Icarus") announced its firm
intention to make an offer to Lyons minority shareholders 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
an offer price of 5 cents per share subject to the approval of the relevant
regulatory authorities being received. The Competition Commission has confirmed
that its approval is not necessary and it was anticipated that the Icarus
circular regarding its unconditional offer to shareholders will be dispatched
shortly together with the recommendation of the Board of Lyons ("the Board").
Shareholders are however advised that the Board has been notified that another
offer, either for the shares in Lyons or for the assets and liabilities of Lyons
might be forthcoming in due course.
Accordingly, shareholders are advised to exercise caution when dealing in Lyons
shares until a further announcement is made.
Sandton
30 September 2003
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07)
Corporate Law Advisors and Consultants
(logo)
Edward Nathan & Friedland (Pty) Ltd
(Registration number 1999/026464/07)
Date: 30/09/2003 05:37:01 PM Produced by the JSE SENS Department
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