PSG/PGFP - PSG Group - Trading Statement and Terms Announcement
PSG Group Limited
Incorporated in the Republic of South Africa
Registration number 1970/008484/06
JSE share code: PSG
- interest income was taxed at 29%; and
- the after tax earnings attributable to the 15% interest in JSE
for the six months ended 31 August 2006 of R227.9 million has
been excluded.
(3) The net asset value and net tangible asset value per share figures in
Column 2 have been calculated on the basis that the transaction was
effected on 31 August 2006 based on the following assumptions:
- the total aggregate disposal consideration less capital gains tax
at 14.5% was received on that date; and
- the after tax carrying value of the 15% interest in JSE as at 31
August 2006 has been excluded.
6. Rationale for the disposalPSG Group was unsuccessful in its stated
objective to increase its strategic investment in JSE beyond 15% and to
obtain JSE board representation. With no prospect of this situation
changing in future, PSG Group decided to dispose of its 15% interest in
7. Application of disposal consideration
The disposal consideration will be used to make further strategic
15 March 2007
Sponsor to PSG Group
PSG Capital Limited
Date: 15/03/2007 12:26:00 Produced by the JSE SENS Department.