Media
Release: 15 August 2000
In
press releases by the Insider Trading Directorate on 30 May 2000 and 25 July
2000 it was reported that an insider trading investigation into certain
transactions in the shares of Sentry Group Limited (Sentry) would be referred
for legal action.
The Directorate now reports that, as is provided for in the Insider Trading Act,
a settlement has been reached with Mr N Alexander, who has agreed to pay an
amount of R342 920 to the Directorate. The settlement relates to share
transactions conducted on 21 June 2000.
The FSB will, in due course publish advertisements inviting claims from persons
that sold shares in Sentry on 21 June 2000.
-Ends-
Enquiries:
Mr
Rob Barrow
Chairperson: Insider Trading Directorate
Tel:
0825777553
Address:
Financial
Services Board
P O Box 35655
Menlo Park 0102
Office hours: 7:45 - 16:30
15 August 2000,
Pretoria