Psgbh/trans Atlantic - Acquisition By Psgbh Of A C
Trans Atlantic
PSG INVESTMENT BANK HOLDINGS TRANS ATLANTIC HOLDINGS
LIMITED (PROPRIETARY) LIMITED
(Incorporated in the Republic (Incorporated in the Republic
of South Africa) of South Africa)
(Registration number (Registration number
1998/017358/06) 1998/000367/07)
("PSGBH") ("Trans Atlantic")
Acquisition by PSGBH of a controlling interest in Trans Atlantic
PSGBH, Trans Atlantic and the management of Trans Atlantic have entered into
an agreement in terms of which PSGBH has, subject to certain conditions
precedent, including approval by the Registrar of Banks and the Securities
Regulation Panel, acquired an effective 51% interest in Trans Atlantic with
effect from 1 August 2001 ("the acquisition").
The acquisition provides PSGBH with access to Trans Atlantic's intellectual
capital and entrepreneurial flair in private equity, corporate finance and
investment banking. Trans Atlantic will benefit from PSGBH's strategic
input, the use of PSGBH's brand name and access to PSGBH's large capital
base and client network.
The acquisition will not have an immediate effect on PSGBH's earnings and
net asset value per share.
This announcement is not required in terms of the Listings Requirements of
the JSE Securities Exchange South Africa and is published for information
purposes only.
Johannesburg
16 August 2001
Investment bank and sponsor to PSGBH Corporate adviser to Trans
Atlantic
PSG Investment Bank Holdings Limited
(Registration No. 1998/017358/06) Trans Atlantic Securities (Pty)
Limited
(Registration No. 1999/000210/07)
Attorneys to PSGBH Attorneys to Trans Atlantic
Fluxman Rabinowitz-Raphaely Weiner Edward Nathan & Friedland (Pty)
(Registration No. 2000/024775/21) Limited
(Registration No. 1999/026464/07)
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