PSV HOLDINGS LIMITED - Results of General Meeting

Results of General Meeting

PSV Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/004365/06)
Share code: PSV ISIN: ZAE000078705
(“PSV” or “the Company”)


RESULTS OF GENERAL MEETING


Shareholders are advised that, at the general meeting of PSV of Friday, 25 October 2019, as adjourned to
Wednesday, 30 October 2019, convened in terms of the notice of general meeting contained in the circular
to shareholders dated 25 September 2019, with the exception of Ordinary Resolution 2: Authority Granted to
Directors, all the resolutions as set out in the notice of general meeting were not passed by the requisite
majority of shareholders.

The number of shares voted in person or by proxy was 344 754 667 representing 84.30% of the total issued
share capital of the same class of PSV shares.

The resolutions proposed at the meeting, together with the percentage of shares abstained, as well as the
percentage of votes carried for and against each resolution, are set out below:

                                                                  % of votes     % of votes
                                                             carried for the    against the  % of shares
Resolution                                                        resolution     resolution    abstained
Special Resolution 1: Approval to issue the Claw-back
Offer Shares in terms of section 41(3) of the Companies
Act                                                                  58.49          41.51           0.00
Ordinary Resolution 1: Waiver of Mandatory Offer                     40.41          59.59           0.00
Ordinary Resolution 2: Authority Granted to Directors                58.49          41.51           0.00


Further to the outcome of the shareholders’ vote set out above, shareholders are advised that they will be
apprised by way of a SENS announcement of the outcome of the discussions currently underway between
the two material shareholders of PSV regarding the urgent recapitalisation of the Company.


Johannesburg
1 November 2019

Designated Adviser
Merchantec Capital

Date: 01/11/2019 05:02:00
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