PSG KONSULT LIMITED - Withdrawal Of Cautionary Announcement

Release Date: 07/09/2018 08:30
Code(s): KST
 
Wrap Text
Withdrawal Of Cautionary Announcement

PSG KONSULT LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 1993/003941/06
JSE Share Code: KST
NSX Share Code: KFS
ISIN Code: ZAE000191417
(“PSG Konsult” or “the Company”)

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement published on 22 May 2018, as
renewed on 3 July 2018 and 15 August 2018, in which the Company advised that it had
entered into negotiations regarding a potential acquisition, which if successfully concluded,
would, based on the indicative transaction value, qualify as a Category 2 transaction under
the JSE Listings Requirements.

Following a detailed due diligence investigation of this opportunity and lengthy negotiations,
the parties were not able to agree on terms which would, in the view of the Company, be in
the long-term interest of PSG Konsult’s various stakeholders.

PSG Konsult’s focus remains on organic growth, although it will consider acquisitions that
meet its investment criteria, which require, inter alia, acceptable pricing, a compelling strategic
rationale, clearly definable synergies and ease of integration.

As PSG Konsult will not be proceeding with the acquisition, caution is, accordingly, no longer
required to be exercised by shareholders when dealing in their securities.

Tyger Valley
7 September 2018

Transaction Advisor and JSE Sponsor: PSG Capital Proprietary Limited

NSX sponsor: PSG Wealth Management (Namibia) Proprietary Limited, member of the
Namibian Stock Exchange

Date: 07/09/2018 08:30:00 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.

Email this JSE Sens Item to a Friend.

Share This Story