PSG GROUP LIMITED - Dealing By A Director - Distribution To A Charitable Organisation

Dealing By A Director - Distribution To A Charitable Organisation

PSG Group Limited
Incorporated in the Republic of South Africa
Registration number: 1970/008484/06
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
(“PSG” or “the Company”)

DEALING BY A DIRECTOR - DISTRIBUTION TO A CHARITABLE ORGANISATION

Shareholders are hereby referred to the previous SENS announcement
dated 29 August 2017, in which it was advised that Mr JF Mouton,
chairman of PSG, had donated a 39.9% shareholding in Dana Beleggings
Proprietary Limited (“Dana Beleggings”), an associate of Mr Mouton
which holds 10 278 495 PSG shares, to the Jannie Mouton Foundation, a
charitable   organisation   which   supports   various   philanthropic
initiatives. The JF Mouton Familietrust, an associate of Mr Mouton,
has also now distributed a further 59% shareholding in Dana Beleggings
to the Jannie Mouton Foundation. The aforementioned two transactions
relate in aggregate to 98.9% of the issued share capital of Dana
Beleggings, following which the Jannie Mouton Foundation holds 100%
of the issued share capital of Dana Beleggings.

In compliance with rules 3.63 to 3.74 of the JSE Listings Requirements,
the following information is accordingly disclosed:

NAME OF DIRECTOR                       JF Mouton
COMPANY OF WHICH I AM A DIRECTOR       PSG Group Limited
STATUS: EXECUTIVE/NON-EXECUTIVE        Non-executive
TYPE OF SECURITIES                     Shares
CLASS OF SECURITIES                    Ordinary
DATE OF TRANSACTION                    16 October 2017
CENTS PER SHARE                        25 839
                                       (deemed price per PSG
                                       share)
NUMBER OF SECURITIES TRANSACTED        6 067 022
                                       (being 59% of 10 278 495
                                       PSG shares held by Dana
                                       Beleggings)
TOTAL RAND VALUE OF SECURITIES         R1 567 657 814.58
NATURE OF TRANSACTION                  Distribution of 59%
                                       shareholding in Dana
                                       Beleggings, an associate
                                       of the director holding
                                       10 278 495 PSG shares,
                                       to the Jannie Mouton
                                       Foundation
                                       (off-market)
NATURE AND EXTENT OF INTEREST          Indirect, non-beneficial
IN THE TRANSACTION
CLEARANCE OBTAINED                     Yes

Shareholders are hereby advised, in terms of section 122(3)(b) of the
Companies Act No 71 of 2008 and paragraph 3.83(b) of the JSE Listings
Requirements, that the Company has received formal notification in the
prescribed form that the distribution by the JF Mouton Familietrust,
as detailed above, has resulted in Mr Mouton’s direct and indirect
beneficial shareholding in the Company reducing to 17.7% of the total
issued ordinary share capital (18.9% net of treasury shares).

17 October 2017
Stellenbosch

Sponsor
PSG Capital

Date: 17/10/2017 12:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.