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PSG Group - Finalisation information in respect of the Renounceable Rights Offer

Release Date: 21/09/2006 08:30
Code(s): PSG
Wrap Text

PSG Group - Finalisation information in respect of the Renounceable Rights Offer PSG Group Limited Registration number 1970/008484/06 JSE share code: PSG ISIN code: ZAE000013017 ("PSG Group") FINALISATION INFORMATION IN RESPECT OF THE RENOUNCEABLE RIGHTS OFFER Shareholders are referred to the announcement released on SENS on 15 August 2006 which dealt with the partially underwritten, renounceable rights offer of 12 696 447 ordinary shares at an issue price of 1700 cents per share ("the rights shares") in the ratio of one rights share for every 12 shares held ("the rights offer"). All the conditions precedent relating to the underwriting agreement and the rights offer have now been fulfilled and a circular which provides comprehensive details of the rights offer will be dispatched to shareholders on 9 October 2006. Certificated shareholders will also receive a printed form of instruction in respect of the renounceable (nil paid) letter of allocation. Holders of dematerialised shares will not receive a printed form of instruction in respect of the renounceable (nil paid) letter of allocation, but should instead receive notification from their CSDP or broker regarding the rights shares to which they are entitled in terms of the rights offer. Holders of dematerialised shares are required to notify their duly appointed CSDP or broker of their acceptance (or otherwise) of the rights offer in the manner and time stipulated in accordance with the agreement governing the relationship between them and their CSDP or broker ("the mandate"). If their CSDP or broker does not obtain such an instruction, or does not obtain an instruction timeously from any such dematerialised shareholder, then the CSDP or broker will be obliged to act in terms of the mandate, and, if the mandate is silent in this regard, then the CSDP or broker shall be obliged not to subscribe for the rights offer shares in terms of the rights offer. The renounceable (nil paid) letters of allocation will trade under the JSE code of PSGN and ISIN ZAE000084620, under the abbreviated name PSG NPL. The important dates and times pertaining to the rights offer are as follows: 2006 Last day to trade in PSG shares in order to Friday, 29 qualify to participate in the rights offer (cum September entitlement) on Listing and trading of letters of allocation on Monday, 2 October the JSE commences at commencement of trading on PSG shares commence trading ex-rights on the JSE Monday, 2 October at commencement of trading on Record date for participation in the rights offer Friday, 6 October at the close of business on Rights offer opens at commencement of trading on Monday, 9 October Last day to trade in letters of allocation on the Friday, 20 October JSE on Listing of the rights offer shares commences at Monday, 23 October commencement of trading on Rights offer closes (see notes 2 and 3 below) at Friday, 27 October 12:00 on Form of instruction, together with a cheque in Friday, 27 October respect of certificated shareholders" monies, to be received by no later than 12:00 on Rights issue shares issued and share certificates Monday, 30 October posted to certificated shareholders on or about CSDP or broker accounts in respect of Monday, 30 October dematerialised shares debited and updated Results of rights offer released on SENS on Monday, 30 October Results of rights offer published in the press on Tuesday, 31 October Notes: Share certificates may not be dematerialised or rematerialised between Monday, 2 October 2006 and Friday, 6 October 2006, both days inclusive. CSDP"s will effect delivery on a delivery against payment method in respect of dematerialised shareholders. Dematerialised shareholders are required to notify their duly appointed CSDP or broker of their acceptance of the offer in the manner and time stipulated in the agreement governing the relationship between the shareholder and his CSDP or broker. Stellenbosch 21 September 2006 Corporate advisor and joint sponsor PSG Capital Limited Lead sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd Date: 21/09/2006 08:30:05 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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