The Board has signed a memorandum of understanding with FINSAC. This allows for the sale of 16, 144,254 ordinary shares presently held by FINSAC.
These shares will be offered to Dyoll’s ordinary shareholders and will be allocated among shareholders in proportion to their existing shareholdings at the rate of 1 share for each 2.77 shares held. Shares will be offered to ordinary shareholders on register 15 days before the opening date of the offer which is expected to be in April 2003. Shareholders will be sent an Offer Document including an application form. This document will include the price per share, number of ordinary shares registered for shareholders, date of offer, the number of shares allotted for purchase and the cost of the shares.
