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PSG/PSL - SALIENT DATES

Release Date: 15/10/1998 07:59
Code(s): PSG PSL
Wrap Text
PSG GROUP LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 70/08484/06)
("PSG")
PSG FINANCIAL SERVICES LIMITED
(FORMERLY SERVGRO INTERNATIONAL LIMITED)
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 03/00478/06)
("PSL")
- SALIENT DATES OF THE RIGHTS OFFER;

- GRANT OF LISTING OF LETTERS OF ALLOCATION AND RIGHTS OFFER SHARES; AND - REMINDER OF RECORD DATE. 1. SALIENT DATES OF THE RIGHTS OFFER
FURTHER TO THE PRESS ANNOUNCEMENT DATED 12 OCTOBER 1998, NEDCOR INVESTMENT BANK LIMITED IS AUTHORISED TO ANNOUNCE THE SALIENT DATES OF THE RIGHTS OFFER OF 246 094 373 NEW PSL SHARES AT AN ISSUE PRICE OF 200 CENTS PER SHARE IN THE RATIO OF 75 NEW PSL SHARES FOR EVERY 100 PSL SHARES HELD ("THE RIGHTS OFFER"). THE SALIENT DATES OF THE RIGHTS OFFER ARE:
1998 LAST DAY FOR SHAREHOLDERS TO BE REGISTERED TO
PARTICIPATE IN THE RIGHTS OFFER ("THE RECORD DATE") FRIDAY, 16 OCTOBER EXISTING PSL ORDINARY SHARES LISTED ON THE JOHANNESBURG STOCK EXCHANGE ("JSE")
EX RIGHTS AT 09:30 ON MONDAY, 19 OCTOBER LISTING OF AND DEALING IN RENOUNCEABLE (NIL PAID) LETTERS OF ALLOCATION ("LETTERS OF ALLOCATION")
COMMENCES ON THE JSE AT 09:30 ON MONDAY, 19 OCTOBER LAST DAY FOR POSTAL REGISTRATION FOR RIGHTS OFFER ON WEDNESDAY, 21 OCTOBER POSTING OF RIGHTS OFFER CIRCULAR AND
LETTERS OF ALLOCATION ON FRIDAY, 23 OCTOBER RIGHTS OFFER OPENS ON FRIDAY, 23 OCTOBER LAST DAY FOR DEALING IN LETTERS
OF ALLOCATION BY 16:00 ON WEDNESDAY, 11 NOVEMBER LAST DAY FOR SPLITTING LETTERS
OF ALLOCATION BY 14:30 ON THURSDAY, 12 NOVEMBER RIGHTS OFFER CLOSES BY 14:30 ON FRIDAY, 13 NOVEMBER LAST DAY FOR RECEIPT OF LATE POSTAL ACCEPTANCES IN RESPECT OF THE RIGHTS OFFER, SUBJECT TO A POSTMARK
OF NOT LATER THAN FRIDAY, 13 NOVEMBER 1998, BY 14:30 WEDNESDAY, 18 NOVEMBER LISTING OF NEW ORDINARY SHARES ISSUED IN TERMS OF
THE RIGHTS OFFER COMMENCES ON THE JSE AT 09:30 ON FRIDAY, 20 NOVEMBER PSL SHARE CERTIFICATES AND CHEQUES IN RESPECT OF REFUNDS FOR EXCESS APPLICATIONS NOT
ALLOCATED POSTED ON FRIDAY, 20 NOVEMBER 2. LISTING ON THE JSE THE JSE HAS GRANTED LISTINGS IN RESPECT OF:
- 246 094 373 LETTERS OF ALLOCATION IN RESPECT OF PSL SHARES TO BE ISSUED IN TERMS OF THE RIGHTS OFFER FROM MONDAY, 19 OCTOBER 1998, TO WEDNESDAY, 11 NOVEMBER 1998, BOTH DAYS INCLUSIVE; AND
- THE 246 094 373 PSL SHARES TO BE ISSUED IN TERMS OF THE RIGHTS OFFER FROM FRIDAY, 20 NOVEMBER 1998. 3. REMINDER OF RECORD DATE
PSL SHAREHOLDERS ARE REMINDED THAT THE LAST DATE TO BE REGISTERED AS SUCH IN ORDER TO PARTICIPATE IN THE RIGHTS OFFER IS THE CLOSE OF BUSINESS ON FRIDAY, 16 OCTOBER 1998. STELLENBOSCH 15 OCTOBER 1998 INVESTMENT BANK NEDCOR INVESTMENT BANK CORPORATE ADVISOR PSG INVESTMENT BANK LIMITED CORPORATE FINANCE ATTORNEYS HOFMEYR HERBSTEIN GIHWALA & CLUVER INC ATTORNEYS AUDITORS PRICEWATERHOUSECOOPERS CHARTERED ACCOUNTANTS (SA) REGISTERED ACCOUNTANTS AND AUDITORS JOINT SPONSORING BROKERS IN SOUTH AFRICA PSG SECURITIES LIMITED (REGISTRATION NUMBER 96/00509/06) (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE)
WARBURG DILLON READ SECURITIES (SOUTH AFRICA) (PTY) LTD (REGISTRATION NUMBER 95/11140/07) A SUBSIDIARY OF UBS AG (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE) IN NAMIBIA BRIAN VAN RENSBURG (MEMBER OF THE NAMIBIAN STOCK EXCHANGE)

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