Results Of The General Meeting
(Incorporated in the Republic of South Africa)
Registration number: 1970/008484/06
JSE Limited share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG Group”)
(Incorporated in the Republic of South Africa)
Registration number: 1919/000478/06
JSE Limited share code: PGFP
ISIN code: ZAE000096079
LEI code: 378900E99AFDC02B0F23
(“the Company”)
Shareholders are hereby advised that at the general meeting of the Company held at 14:00
today, Thursday, 8 July 2021 (“GM”) by way of electronic participation only, all of the
resolutions to approve and give effect to the repurchase of the Company’s non-redeemable,
cumulative, non-participating, variable rate preference shares contemplated in the Company’s
circular dated Wednesday, 9 June 2021 (“Circular”), were passed by the requisite majority of
the Company’s shareholders. However, this transaction remains subject to the fulfilment of
the conditions precedent as contained in the Circular.
Unless expressly defined in this announcement, capitalised terms herein have the meaning
given to them in the Circular.
Details of the results of the voting at the GM are as follows:
Votes for against Number of Number of
resolution resolution shares shares
as a as a voted at GM abstained
percentage percentage as a as a
of total of total percentage percentage
Resolutions number of number of Number of of relevant of relevant
proposed at the shares shares shares shares in shares in
GM voted at GM voted at GM voted at GM issue1 issue1
Special Resolution
Number 1:
Approval of the
Scheme by PSL
Shareholders2 97.20% 2.80% 7,762,387 44.57% 0.06%
Special Resolution
Number 2:
Approval of the
Scheme in terms of
sections 114 and
115 of the
Companies Act by
PSL Shareholders3 99.96% 0.04% 607,018,042 98.43% 0.00%
Special Resolution
Number 3:
Revocation of
Special Resolution
Number 23 99.96% 0.04% 607,017,971 98.43% 0.00%
Special Resolution
Number 4:
Approval for the
payment of fees to
the members of the
Board4 100.00% 0.00% 599,256,535 100.00% 0.00%
Number 1:
Implementation4 100.00% 0.00% 599,256,535 100.00% 0.00%
1 At the date of the GM, the total number of ordinary shares in issue was 599,256,535, all
held by PSG Group as PSL Ordinary Shareholder, and the total number of preference
shares in issue was 17,415,770. The Company holds no shares in treasury.
2 Only PSL Preference Shareholders were entitled to vote on Special Resolution Number 1.
3 Both the PSL Ordinary Shareholder and the PSL Preference Shareholders were entitled to
vote on Special Resolution Number 2 and Special Resolution Number 3.
4 Only the PSL Ordinary Shareholder was entitled to vote on Special Resolution Number 4
and Ordinary Resolution Number 1.
8 July 2021
Sponsor and Transaction Independent Joint Legal Advisor
Advisor Sponsor
PSG Capital UBS South Africa Cliffe Dekker Hofmeyr
Date: 08-07-2021 05:50:00
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