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PSG Group Limited - Tradek Transaction

Release Date: 09/04/2002 13:20
Code(s): PSG
Wrap Text
PSG GROUP LIMITED
(Registration number 1970/008484/06)
("PSG Group")
Share Code: PSG
ISIN: ZAE000013017
TRADEK TRANSACTION

We refer to an announcement by Tradek Holdings Limited ("Tradek") dated 12 March 2002 in terms whereof it was announced that Tradek acquired the entire issued share capital of PSG Investment Services (Pty) Ltd from PSG Group and staff. The aforesaid transaction was subject to various suspensive
conditions. Subsequent to the announcement the agreement between the parties has lapsed by mutual agreement. PSG Group has no further
liabilities in terms of the Tradek-transaction and will continue to
investigate other opportunities in the stock broking environment. SPONSOR PSG Investment Bank Limited ENQUIRIES Jannie Mouton (021 - 887-9602)

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