PSG GROUP/ PSG FINANCIAL SERVICES - PREFERENCE SHARE ISSUE
PSG Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/008484/06 JSE Share code: PSG ISIN code:
ZAE000013017)
(`PSG Group`)
PSG Financial Services Limited
(Incorporated in the Republic of South Africa)
(Registration number 1919/000478 JSE Share Code: PGFP
ISIN code: ZAE000060166)
(`PSG Financial Services` or `the company`)
PREFERENCE SHARE ISSUE
1. PSG Group wishes to announce that following the reference in the commentary
in its interim results published Thursday, 12 October 2004 to the possible
raising of up to R150 million in preference share capital funding, it commenced
with a private placement of 190 000 000 and offer for subscription of 10 000 000
cumulative, non-redeemable, non-participating preference shares with a par value
of R0,01 in PSG Financial Services, a wholly owned subsidiary of PSG Group.
2. The private placement has elicited an extremely positive response from the
selected financial institutions approached during the past two weeks` road show
to potential investors. Expressions of interest have been obtained in excess of
R200 million in respect of the private placement.
3. The offer for subscription is based on a minimum subscription amount of R100
000 per single addressee acting as principal. The subscription price is R1 per
preference share. The offer for subscription opens Thursday, 28 October 2004 and
closes Monday, 15 November 2004.
4. The directors of PSG Financial Services have expressly reserved the right to
close the offer for subscription at an earlier date should irrevocable
undertakings for the full 200 000 000 preference shares be received from
selected financial institutions in terms of the private placement. It is
anticipated that such undertakings will indeed be received.
5. The JSE have formally approved the listing of 200 000 000 preference shares
in the `Specialist Securities - `Preference Shares` sector under the above named
share code and ISIN number on Friday, 19 November 2004, subject to the condition
that the company meet the JSE`s requirements in respect of the requisite spread
of preference shareholders.
6. An abridged pre-listing statement setting out the particulars of the private
placement and offer for subscription will be made available tomorrow, Friday, 29
October 2004 on SENS and in the press on Monday, 1 November 2004.
28 October 2004
Stellenbosch
Corporate Adviser and joint sponsor
PSG Capital Limited
(Registration number 2002/017362/06)
Lead sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
