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PSG
PSG
PSG - PSG Group - Declaration Announcement in Respect of the Results of the
Paladin Rights Offer
PSG GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1970/008484/06)
JSE share code: PSG
PSG ISIN: ZAE000013017
("PSG Group")
DECLARATION ANNOUNCEMENT IN RESPECT OF THE RESULTS OF THE PALADIN RIGHTS OFFER
PSG Group shareholders are referred to the SENS announcements dated 26 August
2009 and 4 September 2009 regarding the renounceable rights offer made by
Paladin Capital Limited ("Paladin"), a subsidiary of PSG Group, to Paladin
shareholders ("the Paladin Rights Offer"). In terms of the aforegoing, PSG Group
renounced approximately 64% of its rights in favour of PSG Group shareholders on
a pro rata basis. PSG Group shareholders were then able to participate in the
Paladin Rights Offer as if they were Paladin shareholders.
PSG Group shareholders are advised that the results of the Paladin Rights Offer,
which closed at 12:00 on Friday, 9 October 2009, are as follows:
Total Number of % of PSG Group`s
Paladin Rights renounced Paladin
Offer shares Rights Offer
shares
Total number of Paladin Rights 77 042 636 100.00%
Offer shares available for
subscription by PSG Group
shareholders
Paladin Rights Offer shares 74 248 477 96.37%
subscribed for by PSG Group
shareholders
Reverted Paladin Rights Offer 1 328 026 1.73%
shares subscribed for by PSG
Group
Total number of unsubscribed 1 466 133 1.90%
Paladin Rights Offer shares
placed with identified third
parties
Total 77 042 636 100.00%
Holders of certificated shares will have new Paladin share certificates posted
to them and Central Securities Depository Participant ("CSDP") or broker
accounts will be updated and debited on or about Monday, 12 October 2009.
Stellenbosch
12 October 2009
Sponsor
PSG Capital
Date: 12/10/2009 17:46:01 Produced by the JSE SENS Department.
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