SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
May 3, 1995
The Pioneer Group, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-8841 13-5657669
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(State or Other Jurisdiction (Commission File No.) (I.R.S. Employer
of Incorporation) Identification No.)
60 State Street, Boston, Massachusetts 02109
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: 617-742-7825
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Item 5. Other Events
On May 3, 1995, The Pioneer Group, Inc. (the "Company") reported that
it had informed the government of The Republic of Ghana, the minority owner of
Teberebie Goldfields Limited ("TGL"), the Company's 90%-owned gold mining
subsidiary, that the Company is exploring the possibility of selling to the
public a minority interest in TGL's parent, Pioneer Goldfields Limited ("PGL"),
currently a wholly-owned subsidiary of the Company. The structure, terms and
timing of any such sale, as well as the countries in which any such sale would
take place, have not been determined, although the Company does not anticipate
selling more than a 20% interest in PGL. In the event that the Company does
conduct such a sale, any securities sold in the United States will not be
registered under the Securities Act of 1933, as amended (the "Act"), and may not
be offered or sold in the United States absent registration under the Act or an
applicable exemption from the Act's registration requirements. There can be no
assurance, however, that a decision will be made to commence such a sale, or if
such sale does commence, that it will be successful.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
The Pioneer Group, Inc.
May 8, 1995 /s/Robert P. Nault
Date:_____________ By: _______________________
Robert P. Nault
General Counsel
