PSG Group Limited/PSG Financial Services - Results
PSG Group Limited/PSG Financial Services - Results Of The Rights Offer
PSG Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/008484/06)
JSE share code: PSG ISIN: ZAE000013017
PSG FINANCIAL SERVICES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1919/000478/06)
JSE share code: PGFP ISIN: ZAE000060166
("PSG Financial Services" or "the company")
RESULTS OF THE RIGHTS OFFER
The rights offer to PSG Financial Services preference shareholders of 200 000
000 cumulative, non-redeemable, non-participating preference share of 1 cent
each ("the rights offer shares") at an issue price of 95 cents per rights offer
share, in the ratio of 1 rights offer shares for every preference share held
("the rights offer"), closed at 12:00 on Friday, 14 October 2005.
The results of the rights offer are as follows:
- PSG Financial Services preference shareholders (and their renouncees)
applied for 68 510 908 rights offer shares; and
- Excess applications were received in respect of 1 332 800 rights offer
shares;
- resulting in 69 843 708 of the rights offer shares been subscribed for in
terms of the rights offer. The underwriters of the rights offer will therefore
subscribe for 130 156 292 of the rights offer shares.
Share certificates in respect of rights offer shares subscribed for will be
posted to certificated shareholders today, and dematerialised shareholders" safe
custody accounts with their Central Securities Depository Participants or
brokers will be credited with the rights offer shares subscribed for today.
Stellenbosch
17 October 2005
Corporate advisor and joint sponsor
PSG Capital
Lead sponsor
PricewaterhouseCoopers
Corporate Finance (Proprietary) Limited
Date: 17/10/2005 07:30:25 AM Produced by the JSE SENS Department
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