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PSG - PSG Group - Declaration Announcement in Respect of the Results of the

Release Date: 12/10/2009 17:46
Code(s): PSG
Wrap Text

PSG - PSG Group - Declaration Announcement in Respect of the Results of the Paladin Rights Offer PSG GROUP LIMITED Incorporated in the Republic of South Africa (Registration number 1970/008484/06) JSE share code: PSG PSG ISIN: ZAE000013017 ("PSG Group") DECLARATION ANNOUNCEMENT IN RESPECT OF THE RESULTS OF THE PALADIN RIGHTS OFFER PSG Group shareholders are referred to the SENS announcements dated 26 August 2009 and 4 September 2009 regarding the renounceable rights offer made by Paladin Capital Limited ("Paladin"), a subsidiary of PSG Group, to Paladin shareholders ("the Paladin Rights Offer"). In terms of the aforegoing, PSG Group renounced approximately 64% of its rights in favour of PSG Group shareholders on a pro rata basis. PSG Group shareholders were then able to participate in the Paladin Rights Offer as if they were Paladin shareholders. PSG Group shareholders are advised that the results of the Paladin Rights Offer, which closed at 12:00 on Friday, 9 October 2009, are as follows: Total Number of % of PSG Group`s Paladin Rights renounced Paladin
Offer shares Rights Offer shares Total number of Paladin Rights 77 042 636 100.00% Offer shares available for subscription by PSG Group shareholders Paladin Rights Offer shares 74 248 477 96.37% subscribed for by PSG Group shareholders Reverted Paladin Rights Offer 1 328 026 1.73% shares subscribed for by PSG Group Total number of unsubscribed 1 466 133 1.90% Paladin Rights Offer shares placed with identified third parties Total 77 042 636 100.00% Holders of certificated shares will have new Paladin share certificates posted to them and Central Securities Depository Participant ("CSDP") or broker accounts will be updated and debited on or about Monday, 12 October 2009. Stellenbosch 12 October 2009 Sponsor PSG Capital Date: 12/10/2009 17:46:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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