REVISED PRICE IN RESPECT OF OFFER OF REDEEMABLE PR
GROUP LIMITED - REVISED PRICE IN RESPECT OF OFFER OF REDEEMABLE PREFERENCE
SHARES TO DIRECTORS
UCS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002253/06)
Share code: UCS
ISIN: ZAE000016150
("UCS")
REVISED PRICE IN RESPECT OF OFFER OF REDEEMABLE PREFERENCE SHARES TO DIRECTORS
It was announced on 1 December 2003 that the Trustees of the UCS Group Limited
Staff Share Trust II had offered redeemable preference shares, which will
convert into UCS ordinary shares if pre-defined headline earnings per share
growth rates are achieved over the next five years, to two directors. The price
per redeemable preference share was announced as 7,19 cents, however, as a
consequence of a review by the auditors of the probability of achieving the
growth rates, the price per redeemable preference share has been amended to
16,36 cents. Details are now as follows"
Name of director Date of Quantity Price per Rand Value
offer offered Redeemable
Preference share
Mr NA Michelson 28/11/2003 400 000 16.36 cents R 65 440
Mr DC Sparrow 28/11/2003 250 000 16.36 cents R 40 900
Johannesburg
9 December 2003
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 09/12/2003 04:44:02 PM
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