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PSV - renewal of cautionary
Further to the previous renewal of cautionary announcements, the last of which was dated 29 July 2025, shareholders were advised that the Company remains under provisional liquidation and the proposed recapitalisation of the Company referred to therein is still under consideration.
There have been further engagements with the liquidator during July and August 2025. Subsequently, DNG made a proposal to the liquidator to take the business out of provisional liquidation. The liquidator has since requested a motivated Section 155 scheme of arrangement, which is in the process of being prepared, with the next meeting with the legal team scheduled for 10 September 2025.
Accordingly, shareholders were advised to continue exercising caution when dealing in the Company's securities until a full announcement is made.
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