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
October 16, 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 October 11, 1995, The Pioneer Group, Inc. (the "Company") announced
that the underwritten global offering of ordinary shares ("Shares")(and global
depositary securities representing such Shares) of its indirect wholly-owned
subsidiary, Pioneer Goldfields Limited, had commenced.
The text of the press release related to such announcement is filed
herewith as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits
99.1 Text of press release issued by the Company on October 11, 1995.
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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.
October 16, 1995 /s/ Robert P. Nault
Date:_____________ By: _______________________
Robert P. Nault
General Counsel
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EXHIBIT INDEX
99.1 Text of Press Release issued by the Company on October 11, 1995.
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Exhibit 99.1
FOR IMMEDIATE RELEASE CONTACT: William H. Keough
Senior Vice President
Chief Financial Officer
The Pioneer Group, Inc.
(617) 742-7825
THE PIONEER GROUP, INC. MAKES ANNOUNCEMENT
REGARDING ITS GOLD MINING SUBSIDIARY
Boston, Massachusetts, October 11, 1995. The Pioneer Group, Inc. (NASDAQ:PIOG)
reported that the underwritten global offering of ordinary shares ("Shares")
(and global depositary securities representing such Shares ("GDSs")) of its
indirect wholly-owned subsidiary, Pioneer Goldfields Limited, a Guernsey
corporation ("PGL"), commenced today. The Company intends to sell 14,812,500
Shares of PGL (which represents 19.75% of the outstanding share capital of PGL)
at an offer price which ranges from $9.50 to $10.50. PGL will not sell any
Shares in the global offer. An application has been made to list PGL's Shares
and the GDSs on the London Stock Exchange and its Shares on the Ghana Stock
Exchange. It is anticipated that the global offer will completed by November 15,
1995. There can be no assurance that the global offer will be successful or that
any of PGL's securities will be admitted for listing on any stock exchange.
ANY SECURITIES SOLD IN THE GLOBAL OFFER WILL NOT BE REGISTERED IN THE UNITED
STATES UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATE S ABSENT REGISTRATION UNDER THE ACT OR AN
APPLICABLE EXEMPTION FROM THE ACT'S REGISTRATION REQUIREMENTS.
The Pioneer Group, Inc. and its subsidiaries engage in mutual fund and related
service businesses in the United States and participate as owners or joint
venturers in asset management and natural resources related operations outside
the United States.
