Results Of The Annual General Meeting Of PSG Group
 
 
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 (“AGM”) OF PSG GROUP
 
 
1. RESULTS OF THE AGM
 
 
Shareholders are hereby advised that at the AGM of the Company held at
 
11:00 today, Friday, 26 July 2019 at Spier Wine Estate, Baden Powell Drive,
 
Stellenbosch, all of the resolutions were passed by the requisite majority
 
of the Company’s shareholders.
 
 
Details of the results of the voting at the AGM are as follows:
 
 
Votes
 
Votes for against Number of
 
resolution resolution Number of shares
 
as a as a shares abstained
 
percentage percentage voted as a as a
 
of total of total percentage percentage
 
number of number of Number of of the of the
 
shares shares shares votes votes
 
Resolutions voted voted voted exercisable exercisable
 
 
Ordinary
 
resolution
 
number 1:
 
To re-elect Mr
 
ZL Combi as
 
director 96.19% 3.81% 161 976 442 74.21% 1.43%
 
 
Ordinary
 
resolution
 
number 2:
 
To re-elect Mr
 
FJ Gouws as
 
director 95.75% 4.25% 164 805 234 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 3:
 
To confirm the
 
appointment of
 
Ms AM Hlobo as
 
director 99.99% 0.01% 164 811 234 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 4:
 
To re-appoint
 
Mr PE Burton
 
as a member of
 
the audit and
 
risk committee 80.64% 19.36% 164 814 817 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 5:
 
To appoint Ms
 
AM Hlobo as a
 
member of the
 
audit and risk
 
committee 99.99% 0.01% 164 813 817 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 6:
 
To re-appoint
 
Ms B Mathews
 
as a member of
 
the audit and
 
risk committee 99.99% 0.01% 164 813 817 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 7:
 
To re-appoint
 
Mr CA Otto as
 
a member of
 
the audit and
 
risk committee 66.77% 33.23% 164 814 817 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 8:
 
To re-appoint
 
Pricewater-
 
houseCoopers
 
Inc. as
 
auditor 81.47% 18.53% 164 811 317 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 9:
 
Non-binding
 
endorsement of
 
PSG Group’s
 
remuneration
 
policy 80.55% 19.45% 164 797 828 75.51% 0.13%
 
 
Ordinary
 
resolution
 
number 10:
 
Non-binding
 
endorsement of
 
PSG Group’s
 
implementation
 
report on the
 
remuneration
 
policy 82.25% 17.75% 164 782 964 75.50% 0.14%
 
 
Ordinary
 
resolution
 
number 11:
 
General
 
authority to
 
issue ordinary
 
shares for
 
cash 97.45% 2.55% 164 813 147 75.51% 0.13%
 
 
Special
 
resolution
 
number 1:
 
Remuneration
 
of non-
 
executive
 
directors 97.60% 2.40% 164 795 950 75.51% 0.13%
 
 
Special
 
resolution
 
number 2:
 
Inter-company
 
financial
 
assistance 98.55% 1.45% 164 810 424 75.51% 0.13%
 
 
Special
 
resolution
 
number 3:
 
Financial
 
assistance for
 
the
 
subscription
 
and/or
 
purchase of
 
shares in the
 
Company or a
 
related or
 
inter-related
 
company 80.79% 19.21% 164 813 274 75.51% 0.13%
 
 
Special
 
resolution
 
number 4:
 
Share
 
repurchases by
 
PSG Group and
 
its
 
subsidiaries 95.51% 4.49% 164 809 393 75.51% 0.13%
 
 
Note:
 
The total number of shares in issue (net of treasury shares) as at the
 
date of the AGM was 218 254 484.
 
 
2. UPDATED SUM-OF-THE-PARTS (“SOTP”) VALUE PER SHARE
 
 
PSG Group, an investment holding company, continues to use the 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 more than 90% of the value is calculated
 
using JSE-listed share prices, while other investments 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 such other
 
information has been updated and that as at the close of business on
 
22 July 2019, the SOTP value per PSG Group share was R298.03.
 
 
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 investor presentation made at the AGM is available on PSG Group’s
 
website (www.psggroup.co.za).
 
 
The information contained in this announcement has not been reviewed or
 
reported on by the auditor of PSG Group.
 
 
Stellenbosch
 
26 July 2019
 
 
Sponsor
 
PSG Capital
 
 
Date: 26/07/2019 04:05:00
 
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