Unbundling of Capitec Shareholding – Finalisation Announcement
 
 
PSG GROUP LIMITED
 
(Incorporated in the Republic of South Africa)
 
(Registration number: 1970/008484/06)
 
JSE Limited (“JSE”) share code: PSG
 
ISIN code: ZAE000013017
 
LEI code: 378900CD0BEE79F35A34
 
(“PSG Group” or “the Company”)
 
 
UNBUNDLING OF CAPITEC SHAREHOLDING – FINALISATION ANNOUNCEMENT
 
 
Shareholders are referred to the Company’s various announcements released on SENS,
 
(“Announcements”) regarding the distribution by PSG Group of 32 502 856 ordinary shares
 
held by it in the issued ordinary share capital of Capitec Bank Holdings Limited (“Capitec”),
 
comprising approximately 28.11% of the total issued ordinary share capital of Capitec, to PSG
 
Group ordinary shareholders (“Shareholders”) by way of a pro rata distribution in specie, in
 
the ratio of 14 Capitec shares for every 100 PSG Group shares held (“PSG Group
 
Unbundling”), including the announcement confirming Shareholder approval of the PSG
 
Group Unbundling on 30 July 2020, as well as to the Company’s circular in this regard, dated
 
1 July 2020 (“Circular”).
 
 
Capitalised terms used below and that are not otherwise defined, bear the meanings ascribed
 
to them in the Circular. The disclaimers set out in the Announcements and the Circular apply
 
to this announcement.
 
 
Shareholders are hereby advised that the remaining procedural requirements to the
 
implementation of the PSG Group Unbundling have been fulfilled and accordingly the PSG
 
Group Unbundling will be implemented in accordance with the timeline below.
 
 
2020
 
Finalisation announcement in respect of the PSG Group Monday, 17 August
 
Unbundling published on SENS on
 
 
Finalisation announcement in respect of the PSG Group Tuesday, 18 August
 
Unbundling published in the South African press on
 
 
Last day to trade Shares in order to be recorded in the Register Tuesday, 25 August
 
to participate in the PSG Group Unbundling on
 
 
Announcement in respect of the apportionment of tax costs in Wednesday, 26 August
 
relation to the PSG Group Unbundling for tax purposes by
 
 
Shares trade ex right to the Capitec Distribution Shares Wednesday, 26 August
 
 
Announcement in respect of the cash value of fractional Thursday, 27 August
 
entitlements applicable to the PSG Group Unbundling, by
 
11:00 on
 
 
PSG Group Unbundling Record Date Friday, 28 August
 
 
PSG Group Unbundling Completion Date on which Monday, 31 August
 
Shareholders will have their accounts at their CSDP or Broker
 
updated to reflect the Capitec Distribution Shares and
 
fractional entitlements
 
 
 
Note:
 
 
1. Share certificates may not be dematerialised or re-materialised between Wednesday,
 
26 August 2020 and Friday, 28 August 2020, both days inclusive.
 
 
 
Stellenbosch
 
17 August 2020
 
 
Transaction Advisor and Sponsor
 
PSG Capital Proprietary Limited
 
 
Independent Sponsor
 
UBS South Africa Proprietary Limited
 
 
Date: 17-08-2020 12:28:00
 
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