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