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
August 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 July 31, 1995, The Pioneer Group, Inc. (the "Company") reported that
it has engaged an international securities house to underwrite the sale, in a
global offering, of a minority interest in Teberebie Goldfields Limited's
parent, Pioneer Goldfields Limited ("PGL"), currently a wholly-owned subsidiary
of the Company. The final structure, terms and timing of any such global
offering and sale, as well as the countries in which any such global offering
and sale would take place, have not been determined, although the Company does
not anticipate selling more than a 20% interest in PGL. It is expected that, if
such global offering and sale proceeds, application will be made to list PGL's
shares on the London and Ghana stock exchanges. In the event that the Company
does conduct such global offering and 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, if such global offering
and sale does commence, it will be successful or that any securities of PGL will
be admitted for listing on any stock exchange.
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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.
August 3, 1995 /s/ Robert P. Nault
Date:_____________ By: _______________________
Robert P. Nault
General Counsel
