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Change Statement and Notice of Annual 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” or “the Group”)
CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING
Change Statement
Shareholders are advised that PSV’s Integrated Annual Report for the year ended 29 February 2016 was
distributed to shareholders today, 28 July 2016 and is also available on the Company’s website,
www.psvholdings.com.
The annual financial statements were audited by the Company’s auditors, Certified Master Auditors Inc., and
their unmodified report is available for inspection at PSV’s registered office.
The segmental report in the audited annual financial statements included in the Integrated Annual Report
contains certain modifications to the provisional condensed consolidated results for the year ended
29 February 2016 released on SENS on 31 May 2016 as a result of reallocations across the Company’s
business segments.
The reallocations mentioned above do not have any impact on earnings per share, headline earnings per
share, net asset value per share or net tangible asset value per share.
The updated segmental report, as it appears in the Integrated Annual Report, is set out as follows:
Segmental report
Shared
Industrial Specialised Services and
Supplies Services Other Total
2016 2016 2016 2016
R R R R
For the 12 months ended
29 February 2016
Total segment revenue 136 393 978 121 022 489 (13 987 649) 243 428 818
Inter-segmental revenue (6 501 221) (7 486 428) 13 987 649 -
Reportable segmental
revenue 129 892 757 113 536 061 - 243 428 818
Gross profit 23 197 678 12 948 280 (2 870) 36 143 088
Depreciation and amortisation (795 756) - (3 113 368) (3 909 124)
Other operating expenses (14 560 798) (13 907 634) (16 191 012) (44 659 444)
Impairment of goodwill and
intangibles - - (12 885 252) (12 885 252)
Profit/(loss) before tax 9 519 376 (3 734 958) (31 397 987) (25 613 569)
Capital expenditure 693 955 2 740 316 377 910 3 812 181
Total assets 67 962 514 38 974 654 7 255 668 114 192 836
Total liabilities (29 393 163) (43 887 371) (9 266 236) (82 546 770)
Continuing operations (29 365 149) (43 887 371) (9 266 236) (82 518 756)
Discontinued operations (28 014) - - (28 014)
Revenue per major customer 27 294 341 - - 27 294 341
Segmental information by South Africa Botswana Other Total
geographical region R R R R
Revenue (external) 225 495 281 17 933 537 - 243 428 818
Non-current assets 20 015 446 24 815 257 - 44 830 703
Revenue per major customer 23 478 518 3 815 823 - 27 294 341
Shared
Industrial Specialised Services and
Supplies Services Other Total
2015 2015 2015 2015
R R R R
For the 12 months ended
28 February 2015
Total segment revenue 152 390 536 83 924 972 6 025 733 242 341 241
Inter-segmental revenue (4 058 591) (1 967 142) (6 025 733) (12 051 466)
Reportable segmental
revenue 148 331 945 81 957 830 - 230 289 775
Gross profit 26 113 239 3 977 241 (370 485) 29 719 996
Depreciation and amortisation (1 004 050) - (3 863 421) (4 867 471)
Impairment of goodwill and
other intangibles - - (3 959 029) (3 959 029)
Other operating expenses (12 827 431) (14 494 885) (15 897 831) (43 220 147)
Profit/(loss) before tax from
continuing operations 5 381 286 (19 247 330) (12 387 802) (26 253 846)
Capital expenditure 1 216 928 41 651 993 586 2 252 165
Total assets 68 990 939 35 023 596 50 216 745 154 231 280
Continuing operations 45 522 433 35 023 596 50 216 745 130 762 774
Discontinued operations 23 468 506 - - 23 468 506
Total liabilities (27 931 699) (33 483 599) (20 566 108) (81 981 406)
Continuing operations (19 463 568) (33 483 599) (20 566 108) (73 513 275)
Discontinued operations (8 468 131) - - (8 468 131)
Revenue per major customer 68 023 534 - - 68 023 534
Segmental information by South Africa Botswana Other Total
geographical region R R R R
Revenue (external) 205 313 781 24 975 994 - 230 289 775
Non-current assets 55 781 930 8 571 118 - 64 353 048
Revenue per major customer 56 381 062 11 642 472 - 68 023 534
Notice of Annual General Meeting
Notice is hereby given that the Annual General Meeting of shareholders of PSV will be held at 10:00 on
Tuesday, 30 August 2016, at Stoneridge Office Park, 8 Greenstone Place, Building C, 2nd Floor, Greenstone
Hill, to conduct the business stated in the Notice of Annual General Meeting, which is contained in the
Integrated Annual Report.
The board of directors of PSV has determined that, in terms of section 62(3)(a), as read with section 59 of
the Companies Act, 2008 (Act 71 of 2008), the record date for the purposes of determining which
shareholders of the Company are entitled to participate in and vote at the Annual General Meeting is Friday,
26 August 2016. Accordingly, the last day to trade in PSV shares in order to be recorded in the Register to
be entitled to vote at the Annual General Meeting will be Tuesday, 23 August 2016.
Johannesburg
28 July 2016
Designated Adviser
Merchantec Capital
Date: 28/07/2016 05:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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