PSG Group / PSL / Arch Equity - Joint Cautionary A
PSG ACH PGFP
PSG ACH PGFP
PSG Group / PSL / Arch Equity - Joint Cautionary Announcement
PSG GROUP LIMITED
Registration number 1970/008484/06)
JSE share code: PSG ISIN code: ZAE000013017
("PSG Group")
PSG Financial Services Limited
Registration number 1919/000478/06
JSE share code: PGFP ISIN code: ZAE000060166
("PSL")
ARCH EQUITY LIMITED
Registration number 2004/004019/06
JSE share code: ACH ISIN code: ZAE000061073
("Arch Equity")
(collectively referred to as "the companies")
JOINT CAUTIONARY ANNOUNCEMENT
Shareholders of the companies are advised that PSG Group and Arch Equity have
agreed in principle to implement a transaction whereby the two companies would
merge and which will result in PSG remaining listed on the JSE Limited.
Management of the companies have provisionally determined an exchange ratio of
one new PSG share for every 2,71 Arch Equity shares. The successful conclusion
of such a transaction may have an effect on the price of the companies" shares.
The transaction under consideration would be subject to various conditions,
including, but not limited to PSG and Arch Equity board approvals, shareholder
approvals, JSE Limited approval, regulatory approvals (to the extent required)
and obtaining of a fair and reasonable opinion from an independent expert.
Shareholders of the companies are accordingly advised to exercise caution when
dealing in the companies" shares until a further announcement is made in this
regard.
Stellenbosch
14 February 2006
PSG Capital Limited
Sponsor to PSG Group
Designated Advisor to Arch Equity
Date: 14/02/2006 04:12:11 PM Produced by the JSE SENS Department
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