PSG Group Limited- Result of general meeting and implementation of the issue of
shares for cash To PSG Group`s Bee Partner, Arch Equity Limited
PSG Group Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1970/008484/06)
Share code: PSG ISIN: ZAE000013017
(`PSG Group`)
Result of general meeting and implementation of the issue of shares for cash TO
PSG GROUP`S BEE PARTNER, ARCH EQUITY LIMITED
INTRODUCTION
It was announced on SENS on 21 September 2004 and in the press on 22 September
2004 that, subject to shareholder approval, PSG Group would proceed with an
issue of shares for cash to PSG Group`s BEE partner, Arch Equity Limited (`Arch
Equity`) so as to result in Arch Equity holding a 20% shareholding in PSG Group.
Details of the proposed issue of PSG Group shares were also contained in a
circular to PSG Group shareholders issued on 19 October 2004.
RESULT OF GENERAL MEETING
At the general meeting of PSG Group shareholders held at 09:00 on Wednesday, 3
November 2004, the required ordinary resolution was passed to authorise the
issue of 4 675 000 PSG Group shares (`the new PSG Group shares`) for cash to
Arch Equity Limited (`Arch Equity`) at an issue price of 314 cents per share,
i.e. a total cash consideration of R14,7 million (`the issue for cash`).
listing of the new PSG Group shares
The JSE Securities Exchange South Africa has granted a listing of the new PSG
Group shares, with effect from Monday 8 November 2004.
Stellenbosch
3 November 2004
Corporate Adviser and Joint Lead Sponsor
Sponsor
PSG Capital PriceWaterhouseCoopers
CORPORATE FINANCE( PTY) LTD
Legal Advisers Independent Expert Reporting Accountants
NewFound PriceWaterhouseCoopers
Hofmeyr Inc
Date: 03/11/2004 04:44:36 PM
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