BRIEF-Alexander Forbes Says "Disgruntled" Former Employee Discloses Confidential Information Of Co

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BRIEF-Alexander Forbes Says "Disgruntled" Former Employee Discloses Confidential Information Of Co

March 5 (Reuters) - Alexander Forbes Group Holdings Ltd AFHJ.J :

* BREACH OF CONFIDENTIAL COMPANY INFORMATION

* CO AND ONE OF ITS MAJOR SHAREHOLDERS, AFRICAN RAINBOW CAPITAL SUBJECT TO "ADVERSE" MEDIA COMMENTARY

* BOARD HAS REASON TO BELIEVE A "DISGRUNTLED" FORMER EMPLOYEE DISCLOSED CONFIDENTIAL INFORMATION OF CO

* COMMENTARY HAS FACTUALLY INACCURATE IN MANY RESPECTS, CONTAIN SPECULATIVE, MISLEADING COMMENT, RELY ON UNRELATED, DATED INFORMATION

* INSTITUTED INVESTIGATION ON BREACH, WILL CONSIDER LEGAL AVENUES AVAILABLE TO IT TO PROTECT CO'S CONFIDENTIAL INFORMATION

* FORMER EMPLOYEE DISCLOSED CONFIDENTIAL COMPANY INFORMATION, WITH SPECIFIC PURPOSE TO DISCREDIT COMPANY AND ITS SHAREHOLDER, ARC

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