PSV HOLDINGS LIMITED - Renewal of Cautionary Announcement
Renewal of Cautionary Announcement
PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
(“PSV” or “the Company” or “the Group”)
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the previous renewal of cautionary announcements, the last
of which was dated 13 November 2020, in which they were advised, inter alia, that the
Company and PSV Asset Company (Pty) Ltd, which company holds the plant and
equipment of the PSV Group, had been placed into business rescue (“business rescue
process”); that the Company’s main trading subsidiary, PSV Industrial (Pty) Limited
(“PSVI”) had been liquidated and that DNG Energy Limited (“DNG”) has made various
representations to the Business Rescue Practitioners and the Board regarding the potential
recapitalisation of PSV by DNG, which recapitalisation is key to enabling the audit for the
year ended 29 February 2020 to proceed.
Shareholders are advised to continue to exercise caution when dealing in the Company’s
securities until such time as further announcements relating to the business rescue process
and the recapitalisation of the Company have been made.
Johannesburg
29 December 2020
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 30-12-2020 07:05:00
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