PSG
PSG
PSG Group Limited - Results of the rights offer
PSG Group Limited
Registration number 1970/008484/06
JSE share code: PSG
ISIN code: ZAE000013017
("PSG Group")
Results of the rights offer
The partially underwritten, renounceable rights offer of 12 696 447
ordinary shares at an issue price of 1700 cents per share ("the rights
offer shares") in the ratio of one rights offer share for every 12 shares
held ("the rights offer"), closed at 12:00 on Friday, 27 October 2006.
The results of the rights offer are as follows:
* PSG Group shareholders (and their renouncees) applied for 12 527 684
(98,7%) rights offer shares.
* The underwriter of the rights offer will therefore subscribe for 168
763 (1,3%) of the rights offer shares.
Share certificates in respect of rights offer shares subscribed for will
be posted to certificated shareholders today. Dematerialised
shareholders" safe custody accounts with their Central Securities
Depository Participants or brokers will be credited today with the rights
offer shares subscribed for.
In terms of the underwriting agreement, PSG Group will issue to the
underwriter a further 4 831 237 shares, being the difference between 5
million and the 168 763 shares subscribed for as noted above, at 1775
cents per share. This constitutes a specific issue for cash and was
approved by the requisite majority of shareholders at a general meeting
held on 15 September 2006.
Stellenbosch
30 October 2006
Corporate advisor and joint sponsor
PSG Capital Limited
Lead sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 30/10/2006 11:30:55 AM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
