Publication Of AFS, Change Statement, Details Of AGM, BBBEE Report And Updated SOTP 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
 
LEI code: 378900CD0BEE79F35A34
 
(“PSG Group”)
 
 
PUBLICATION OF ANNUAL FINANCIAL STATEMENTS, CHANGE STATEMENT,
 
DETAILS OF ANNUAL GENERAL MEETING, BROAD-BASED BLACK ECONOMIC
 
EMPOWERMENT ACT ANNUAL COMPLIANCE REPORT AND UPDATED
 
SUM-OF-THE-PARTS VALUE PER SHARE
 
 
PUBLICATION OF ANNUAL FINANCIAL STATEMENTS AND CHANGE STATEMENT
 
 
Shareholders are advised that PSG Group’s audited consolidated
 
annual financial statements for the year ended 28 February 2021,
 
including an unmodified audit opinion thereon, have been published
 
on PSG Group’s website at https://www.psggroup.co.za/investor-
 
relations/reports/. The audit opinion includes communication of key
 
audit matters.
 
 
Except as detailed below, the audited consolidated annual financial
 
statements contain no modifications to the reviewed preliminary
 
consolidated annual financial results published on the JSE’s Stock
 
Exchange News Service (“SENS”) on 20 April 2021 (“Reviewed
 
Results”).
 
 
The Reviewed Results reported a prior year restatement detailed in
 
note 8 thereto; however, the prior year amounts reported in the
 
consolidated income statement forming part of the Reviewed Results
 
were not updated for such restatement. The prior year comparatives
 
now reported in the audited consolidated income statement are
 
consistent with the restatement previously reported in note 8 to
 
the Reviewed Results. Such restatement had no impact on
 
profitability, cash flows, assets, liabilities, or equity.
 
 
DETAILS OF ANNUAL GENERAL MEETING OF PSG GROUP ORDINARY SHAREHOLDERS
 
 
It is anticipated that the annual general meeting of PSG Group
 
ordinary shareholders (“AGM”) will be held by way of electronic
 
participation on Friday, 9 July 2021 at 10:00 South African time.
 
 
The notice for the AGM will be dispatched to ordinary shareholders
 
in due course, with the notice of such meeting also given on SENS.
 
 
BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“ACT”) ANNUAL
 
COMPLIANCE REPORT
 
 
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11
 
of the JSE Listings Requirements, notice is hereby given that PSG
 
Group’s annual compliance report in terms of section 13G(2) of the
 
Act has been published and is available on PSG Group’s website at
 
https://www.psggroup.co.za/BBBEE-Certificate.pdf.
 
 
UPDATED SUM-OF-THE-PARTS (“SOTP”) VALUE PER SHARE
 
 
As previously communicated, in order to provide investors with an
 
up to date indicative SOTP value per share, PSG Group’s website
 
(www.psggroup.co.za) contains an online tool whereby PSG Group’s
 
SOTP value per share is calculated using approximately 15-minute
 
delayed exchange-listed share prices for its listed investments,
 
while all other information (including the valuation of PSG Group’s
 
unlisted investments) is updated when material changes occur. While
 
the SOTP value calculation is indicative of the fair value of PSG
 
Group’s underlying portfolio, it does not take into account factors
 
such as, among others, size of shareholdings, head office operating
 
profit/loss and other potential factors.
 
 
Shareholders are advised that the SOTP value per share calculation
 
contained on PSG Group’s website has been updated to reflect the
 
latest information.
 
 
The SOTP information provided on PSG Group’s website 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, nor does it warrant 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.
 
 
Stellenbosch
 
31 May 2021
 
 
Sponsor
 
PSG Capital
 
 
Independent joint sponsor
 
UBS South Africa
 
 
Date: 31-05-2021 05:25:00
 
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