Updated Sum-Of-The-Parts Value Per Share
(Incorporated in the Republic of South Africa)
Registration number: 1970/008484/06
Share code: PSG
ISIN code: ZAE000013017
(“PSG Group”)
(Incorporated in the Republic of South Africa)
Registration number: 1919/000478/06
Share code: PGFP
ISIN code: ZAE000096079
PSG Group, an investment holding company, continues to use the sum-
of-the-parts (“SOTP”) value to provide management and investors with
a realistic and transparent way of valuing PSG Group. The calculation
of the SOTP value is simple and requires limited subjectivity as
approximately 80% of the value is calculated using listed share
prices, while other investments are included at market-related
As previously communicated, in order to provide investors with an
up to date indicative SOTP value, PSG Group’s website
(www.psggroup.co.za) contains an online tool whereby PSG Group’s
SOTP value is calculated based on approximately 15-minute delayed
JSE-listed share prices for its listed investments, while all other
information is updated when material changes occur. It is for this
reason that PSG Group’s SOTP value has been updated following the
recent bookbuild in terms of which R2.205 billion in cash was raised
through the issue of 9 million PSG Group ordinary shares. PSG Group
management consequently would like to advise that as at the close
of business on 14 December 2015, the SOTP value per PSG Group share
was R208.95.
The information provided is for general information purposes only
and does not constitute an offer to sell any securities or constitute
investment advice relating to securities or a representation that
the security is a suitable or appropriate investment for any person
or warrants any share price value in any form. Investors are advised
to give independent consideration to and conduct independent
investigation with regards to this information and the value of PSG
Group shares, and to obtain investment advice from their independent
financial advisors. The information contained in this announcement
has not been reviewed or reported on by the auditor of PSG Group.
15 December 2015
PSG Capital
Date: 15/12/2015 03:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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