SFS warrants approved

SFS Group Pcl (SFS) announced that the Securities and Exchange Commission approved the Company’s Prospectus regarding the issue and listing of 26,042,029 share warrants (2005/2007). Specifically,

23,674,572 share warrants will be apportioned to the Company’s shareholders at the rate of 1 share warrant for every 11 shares held on 18 November 2005, while 2,367,457 will be apportioned to the Company staff, at the Boards discretion. The Ex–rights date will be on 16 November 2005, whilst the exercise date will be on the first working day of December 2005, 2006 and 2007 at an exercise price of 10,12 and 15 cent for each of the dates respectively.