PSG GROUP LIMITED - Dealing In Securities By A Director
Dealing In Securities By A Director
PSG Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/008484/06)
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG”)
DEALING IN SECURITIES BY A DIRECTOR
Shareholders are referred to the announcement released on the Stock
Exchange News Service on 4 September 2017 regarding the hedging
arrangement entered into by Mr ZL Combi (“Original Hedging Arrangement”).
The Original Hedging Arrangement has been replaced by the new hedging
arrangement as set out below.
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings
Requirements, the following information is disclosed:
NAME OF DIRECTOR ZL Combi
COMPANY OF WHICH A DIRECTOR PSG Group Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE OF SECURITIES Shares
CLASS OF SECURITIES Ordinary
DATE OF TRANSACTION 10 July 2020
NUMBER OF SECURITIES TRANSACTED 354 000
NATURE OF TRANSACTION Zero-cost collar
(off-market transaction)
PUT OPTION STRIKE PRICE R138.02
CALL OPTION STRIKE PRICE R210.10
OPTION STYLE European scrip settled
EXPIRY DATE 5 July 2022 (as to 177 000 shares)
and 12 July 2022 (as to the
remaining 177 000 shares)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
The aforementioned hedging arrangement which Mr ZL Combi has entered
into will help facilitate a two-year loan facility with the counterparty,
being a South African bank, with a maximum outstanding capital amount of
R48 859 080. At the closing PSG share price of R160.00 on 10 July 2020,
the value of the above-mentioned PSG shares amounted to R56 640 000.
Clearance for the above was obtained in accordance with paragraph 3.66
of the JSE Listings Requirements.
14 July 2020
Stellenbosch
Sponsor
PSG Capital
Independent sponsor
UBS South Africa
Date: 14-07-2020 05:30:00
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