Quarterly Update Suspension Announcement
PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
("the Company")
QUARTERLY UPDATE SUSPENSION ANNOUNCEMENT
In terms of paragraph 1.11(c) of the JSE Listings Requirements, the Company is required
to provide an update to shareholders regarding the current state of affairs of the
Company until its suspension is lifted.
Further to the previous quarterly update announcements, the last of which was dated
18 March 2024, shareholders are advised that the recapitalisation of the Company is still
ongoing.
As previously announced, DNG, after taking legal advice, had resolved to proceed with
an application to appeal the order for the conversion of the business rescue process into
a liquidation that had been granted, which application was lodged on 14 March 2024.
DNG applied to the High Court in Johannesburg for leave to appeal against the final
liquidation order which application was argued and dismissed on 25 March 2024, and
DNG was ordered to pay the business rescue practioner's legal costs.
A provisional liquidator has been appointed and has reached out to DNG's legal counsel
to discuss a proposal.
The Company remains aware that the proposed recapitalisation of the Company will
need to comply with the JSE Listings Requirements and Takeover Regulations, where
applicable.
The Company remains under cautionary and will continue to inform shareholders of the
progress in this regard.
Johannesburg
26 June 2024
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 26-06-2024 02:05:00
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