Semele PRER 14A May03 Ltr 05-03-04
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
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SEMELE GROUP, INC.
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This filing is being made by Semele Group, Inc., pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended.
Subject Company: Semele Group, Inc.
Commission File No.: ___________
This filing relates to a proposal received by Semele on May 5, 2003, from Gary D. Engle and James A. Coyne, respectively Semele's CEO and president, who together with their affiliates are the beneficial owners of approximately 58% of the outstanding Semele common stock. The proposal related to the acquisition by Messrs. Coyne and Engle of substantially all of the outstanding shares of common stock not already owned by them (or their affiliates) for $.120 per share. The proposal was filed by Semele under cover of Form 8-K on May 6, 2003 and is incorporated by reference.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of Semele. When it becomes available, the shareholders should read the proxy statement, as it will contain important information about the transaction. When it becomes available, shareholders can obtain such proxy statement free of charge from the U.S. Securities and Exchange Commission's website at http:/www.sec.gov or from Semele by directing a request to Semele Group, Inc., 200 Nyala Farms Road, Westport, Connecticut 06880.
On May 6, 2003, Semele issued the following press release, and filed the following letter proposal received from Messrs. Coyne and Engle:
Exhibit
99.1 Text of Letter dated May 5, 2003 to the Directors of Semele referencing the Proposed Acquisition of Semele Group Inc.
99.2 Text of press release dated May 5, 2003 titled "Management Proposes Offer To Acquire Semele Group Inc. Common Stock