PSG Investment Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/017358/06)
(Share code: PGH ISIN code: ZAE000018818)
("PSGBH" or "the company")
Results of general meeting
At a general meeting of the company held at 10:00 on Friday, 15 February
2002, the necessary resolutions were passed by the requisite majority of
PSGBH shareholders to approve the distribution by the company of its entire
shareholding in Capitec Bank Holdings Limited ("Caphold"), consisting of 48
306 002 Caphold shares, to its shareholders, by way of a reduction of the
company's share premium account in terms of section 90 of the Companies Act,
1973 (Act 61 of 1973), as amended.
Caphold's entire share capital will be listed in the Financial - "Financial
Services" sector of the JSE Securities Exchange South Africa with effect
from the commencement of trading on Monday, 18 February 2002.
Detailed information on Caphold is contained in an abridged pre-listing
statement to be published on Monday, 18 February 2002.
Johannesburg
15 February 2002
Investment bank and joint sponsor
PSG Investment Bank
Lead sponsor
PricewaterhouseCoopers
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
(Reg No 1970/003711/07)
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