Results Of The Annual General Meeting Of PSG Group And Updated Sum-Of-The-Parts Value Per Share
 
 
PSG Group Limited
 
Incorporated in the Republic of South Africa
 
Registration number: 1970/008484/06
 
JSE Limited (“JSE”) share code: PSG
 
ISIN code: ZAE000013017
 
(“PSG Group” or “the Company”)
 
 
PSG Financial Services Limited
 
Incorporated in the Republic of South Africa
 
Registration number: 1919/000478/06
 
JSE share code: PGFP
 
ISIN code: ZAE000096079
 
 
RESULTS OF THE ANNUAL GENERAL MEETING OF PSG GROUP AND UPDATED SUM-OF-THE-PARTS VALUE PER SHARE
 
 
1. RESULTS OF THE ANNUAL GENERAL MEETING OF PSG GROUP
 
 
Shareholders are hereby advised that all of the ordinary and special resolutions tabled at the annual
 
general meeting of PSG Group held on 23 June 2017 at Spier Wine Estate, Baden Powell Drive, Stellenbosch
 
were passed by the requisite majority. The detailed voting results of the annual general meeting are set
 
out below:
 
 
Votes for Votes against Number of Number of Number of
 
resolution as a resolution as a shares voted at shares voted as shares
 
percentage of percentage of the annual a percentage of abstained as a
 
total number of total number of general meeting the votes percentage of
 
shares voted at shares voted at exercisable at the votes
 
the annual the annual the annual exercisable at
 
general meeting general meeting general meeting the annual
 
(%) (%) (%) general meeting
 
(%)
 
 
Ordinary 88.09 11.91 170 312 704 78.29 0.18
 
Resolution Number
 
1: To re-elect Mr
 
PE Burton as
 
director
 
 
Ordinary 91.22 8.78 170 391 873 78.33 0.14
 
Resolution Number
 
2: To re-elect Mr
 
FJ Gouws as
 
director
 
 
Ordinary 91.25 8.75 170 391 873 78.33 0.14
 
Resolution Number
 
3: To re-elect Mr
 
MJ Jooste as
 
director
 
 
Ordinary 90.63 9.37 170 391 873 78.33 0.14
 
Resolution Number
 
4: To re-appoint
 
Mr PE Burton as a
 
member of the
 
audit and risk
 
committee
 
 
Ordinary 100.00 - 170 312 704 78.29 0.18
 
Resolution Number
 
5: To re-appoint
 
Ms B Mathews as a
 
member of the
 
audit and risk
 
committee
 
 
Ordinary 85.27 14.73 170 391 873 78.33 0.14
 
Resolution Number
 
6: To re-appoint
 
Mr CA Otto as a
 
member of the
 
audit and risk
 
committee
 
 
Ordinary 91.30 8.70 170 407 147 78.33 0.14
 
Resolution Number
 
7: To re-appoint
 
PricewaterhouseCoo
 
pers Inc as the
 
auditor
 
 
Ordinary 83.53 16.47 170 368 526 78.32 0.16
 
Resolution Number
 
8: Non-binding
 
endorsement of PSG
 
Group’s
 
remuneration
 
policy
 
 
Ordinary 98.84 1.16 170 368 554 78.32 0.16
 
Resolution Number
 
9: General
 
authority to issue
 
ordinary shares
 
for cash
 
 
Special Resolution 99.94 0.06 170 355 122 78.31 0.16
 
Number 1:
 
Remuneration of
 
non-executive
 
directors
 
 
Special Resolution 99.98 0.02 170 367 565 78.32 0.16
 
Number 2: Inter-
 
company financial
 
assistance
 
 
Special Resolution 99.98 0.02 170 367 565 78.32 0.16
 
Number 3:
 
Financial
 
assistance for
 
acquisition of
 
shares in a
 
related or inter-
 
related company
 
 
Special Resolution 98.51 1.49 170 383 560 78.32 0.15
 
Number 4: Share
 
buy-back by PSG
 
Group and its
 
subsidiaries
 
 
 
The investor presentation made at the annual general meeting is available on PSG Group’s website
 
(www.psggroup.co.za).
 
 
2. UPDATED SUM-OF-THE-PARTS VALUE PER SHARE
 
 
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 91% of the value is calculated
 
using JSE-listed share prices, while other assets and liabilities are included at market-related
 
valuations.
 
 
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 as and when required. PSG Group management consequently would like to advise
 
that the other information has been updated and that as at the close of business on 19 June 2017, the
 
SOTP value per PSG Group share was R243.83.
 
 
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.
 
 
23 June 2017
 
Stellenbosch
 
 
Sponsor
 
PSG Capital
 
 
Date: 23/06/2017 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
 
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