PSG - PSG Group Limited - Update To Shareholders
PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE share code: PSG
ISIN number: ZAE000013017
("PSG Group" or "the company")
Shareholders are referred to the withdrawal of PSG Group's cautionary
announcement dated 16 August 2011. Shareholders are hereby advised, for the
avoidance of doubt, that the Curro Holdings Limited unbundling out of Paladin
Capital Limited ("Paladin") was implemented on Monday, 15 August 2011 and that
the conditional intention by PSG Group to make an offer to acquire the entire
issued share capital of Paladin by way of a scheme of arrangement is still
proceeding as announced on SENS on 13 July 2011.
Furthermore, shareholders are advised that PSG Group has issued 5 879 306
ordinary shares at an average price of 4729 cents per share for a total cash
consideration of R278 048 076 under its general authority granted by
shareholders at its Annual General Meeting held on 15 June 2011. The rationale
for the aforementioned general issue for cash was to strengthen PSG Group's
balance sheet to enable it to pursue attractive investment opportunities as and
when same arise.
17 August 2011
PSG Capital
Date: 17/08/2011 14:56:00 Produced by the JSE SENS Department.
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